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-Refer to the Above Table

Question 99

Multiple Choice

$-Refer to the above table. The marginal factor cost of labor is $200. To get the firm to hire 8 workers, the A) firm must be able to reduce wages below the marginal factor cost. B) price of the good must be $8. C) eighth worker must be at least as productive as the seventh worker was. D) wage rate must be a fraction of the marginal factor cost of labor.$
-Refer to the above table. The marginal factor cost of labor is $200. To get the firm to hire 8 workers, the

A) firm must be able to reduce wages below the marginal factor cost.
B) price of the good must be $8.
C) eighth worker must be at least as productive as the seventh worker was.
D) wage rate must be a fraction of the marginal factor cost of labor.

Correct Answer: