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29 A firm pays the same wage rate to all its workers. At present, 30 workers are employed at $20 per hour. Wages are subsequently
29 A firm pays the same wage rate to all its workers. At present, 30 workers are employed at $20 per hour. Wages are subsequently raised to $22 per hour in order to attract an extra worker. Thus, the marginal labor cost per hour is $20. $22. $82. $682
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Microeconomics
Authors: Austan Goolsbee, Steven Levitt, Chad Syverson
2nd edition
1464187029, 978-1464189104, 1464189102, 978-0716759751, 716759756, 978-1464187025
