Solved

If a Firm Hires 200 Workers and Produces 5,000 Computers

Question 75

Multiple Choice

If a firm hires 200 workers and produces 5,000 computers. If the firm hires one more worker, it produces 5,050 computers. If computers sell at a constant price of $100 and labor is hired at a constant wage rate of $4,000 per worker


A) the firm should hire and retain the additional worker.
B) the marginal factor cost of labor is $4,000.
C) the marginal revenue product of the added worker is $5,000.
D) all of the above.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents