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A firm is hiring 20 workers at $10.00 per hour. In order to hire an additional (21st) worker, it must raise the wage it pays (to all workers) to $11.00 per hour. The marginal fa…

A firm is hiring 20 workers at $10.00 per hour. In order to hire an additional (21st) worker, it must raise the wage it pays (to all workers) to $11.00 per hour. The marginal fa…
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A firm is hiring 20 workers at $10.00 per hour. In order to hire an additional (21st) worker, it must raise the wage it pays (to all workers) to $11.00 per hour.

The marginal factor cost to the firm of hiring the 21st worker is $____.

User Michael Roland
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1 Answer

5 votes

Answer:

$31 per hour

User Dan Sterrett
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