A business presently has 100 workers, and its daily wage bill totals $30 000. If the labour force increased to 101 workers, its daily wage bill would rise by $502. What is the marginal cost of labour per day?
- A$2
- B$202
- C$502
- D$30 502
Economics 9708 · AS & A Level · 7.5
A business presently has 100 workers, and its daily wage bill totals $30 000. If the labour force increased to 101 workers, its daily wage bill would rise by $502. What is the marginal cost of labour per day?