Austin's total fixed cost is $4,000. Austin employs 15 workers and pays each worker $100. The average

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Austin's total fixed cost is $4,000. Austin employs 15 workers and pays each worker $100. The average product of labor is 5, and the marginal product of the last worker hired is 8. What is the marginal cost of the last unit produced by the last worker Austin hired?

Posted Date: Jun 20, 2024 11:11 AM

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Austin's total fixed cost is $4,000. Austin employs 15 workers and pays each worker $100. The average

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