If a firm hires another unit of labor,output goes up by 12 units.The wage rate for the unit of labor is $6.What is the firm's cost of producing another unit of output using labor?
A) $18
B) $9
C) $1.50
D) $0.50

Question

Quizplus · Accepted Answer

The Answer of If a firm hires another unit of labor,output goes up by 12 units.The wage rate for the unit of labor is $6.What is the firm's cost of producing another unit of output using labor?
A) $18
B) $9
C) $1.50
D) $0.50

If a Firm Hires Another Unit of Labor,output Goes Up