In the above table, what is the marginal factor cost of the 2nd worker?

A) $24
B) $14
C) $64
D) $12

B

Economics

You might also like to view...

If the Fed increases the required reserve ratio (RRR), then the banks must set aside ________(more/less) of their deposits

Fill in the blank(s) with the appropriate word(s).

Economics

A new country has been established on the moon and created a currency called cheesybits. Which of the following represents demand for cheesybits?

A. Luna lives on the moon and wants to travel to visit relatives in Japan. B. Moonbeam Incorporated, the largest company on the moon, sells building products for houses on the moon. C. Moonrock corporation needs new mining equipment that it buys from a manufacturer in Russia. D. Han is visiting the moon and wants to eat at his favorite restaurant, the Moonglow Bar and Grill.

Economics