If a firm increases the number of workers from 32 to 33 and the total wages paid rise from $112,000 to $121,000, the marginal wage of the 33^rd worker is A) $273. B) $3,667. C) $121,000. D) $9,000.

Question

Quizplus · Accepted Answer

The marginal wage of the 33rd worker is the additional cost incurred by hiring one more worker, which is the difference in total wages: $121,000 - $112,000 = $9,000.

If a Firm Increases the Number of Workers from 32