If a firm hires 312 workers it produces 4,522 computers. If it hires 313 workers
ID: 1096578 • Letter: I
Question
If a firm hires 312 workers it produces 4,522 computers. If it hires 313 workers it produces 4,786 computers. If computers sell at a constant price of $1 and labor is hired at a constant wage rate of $65 per worker:
the marginal factor cost of labor is $65.
the firm should hire and retain the additional worker.
the marginal revenue product of the added worker is $264.
all of the above
the additional employee brings into the firm a NET revenue of $112.
A.the marginal factor cost of labor is $65.
B.the firm should hire and retain the additional worker.
C.the marginal revenue product of the added worker is $264.
D.all of the above
E.the additional employee brings into the firm a NET revenue of $112.
Explanation / Answer
D. all of the above
Increase in 1 labor increases 264 units sold or 264$ with extra cost of 65$
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