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Economics

A firm is hiring 9 workers at $8.00 per hour. In order to hire an additional (10th) worker it must raise the wage it pays (to all workers) to $8.50 per hour. The marginal factor cost to the firm of hiring the 10th worker is

a) $13.00

b) $8.00

c) $64.50

d) $8.25

e) $8.50

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91696727

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