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ECONOMICS MCQ- NOV 2008 P3 Q 5

Thread starter dasani0708
Start date Apr 26, 2011

Apr 26, 2011

dasani0708

5 A firm currently employs 30 workers at a daily wage rate of $40.
It calculates that the marginal cost per day of hiring an additional worker would be $102.
By how much would the daily wage rate have to be increased to attract an extra worker?
A $2 B $42 C $62 D $102

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