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

Long-run costs and economies of scale — practice question

A firm now employs 30 workers, each paid a daily wage of $50. The marginal cost of taking on one additional worker is $112 per day. How much must the firm raise the daily wage to expand its labour force from 30 to 31 workers?

  • A$2
  • B$4
  • C$62
  • D$112

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