Suppose that a firms only variable input is labor and the


 Suppose that a? firm's only variable input is? labor, and the constant hourly wage rate is ?$30 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? ?$?

Request for Solution File

Ask an Expert for Answer!!
Business Economics: Suppose that a firms only variable input is labor and the
Reference No:- TGS01469341

Expected delivery within 24 Hours