Economics 9708 · AS & A Level · Long-run costs and economies of scale

Long-run costs and economies of scale — practice question

A firm now has 100 workers, each paid a daily wage of $500. It estimates that the marginal cost per day of employing one more worker would be $702. By how much would the daily wage per worker need to rise in order to persuade an extra worker to join?

  • A$2
  • B$70.20
  • C$202
  • D$702

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