Business, 08.04.2020 01:49 achimajdsjj

Suppose that a firm's only variable input is labor, and the constant hourly wage rate is $20 per hour. The last unit (hour) of labor hired enabled the firm to increase its hourly production from 250 units to 251 units. What was the marginal cost of the 251st unit of output?

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Suppose that a firm's only variable input is labor, and the constant hourly wage rate is $20 per hou...