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42. Comfy Clothing is thinking of hiring Tom. If hired, he can increase total production by 100 units a week. He would cost the firm
42. Comfy Clothing is thinking of hiring Tom. If hired, he can increase total production by 100 units a week. He would cost the firm $1,500 a week in wages. If the price of each unit is $20, a. The MR of hiring the worker is $1,500 h. The MC of hiring Tom is $1,500 c. The firm should hire Torn since MR>MC d. All the above ANSWER: d
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