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Completed 1 4 out of 1 5 uestion 1 1 of 1 5 Aliyah is preparing to expand her IT consulting company. The current market
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Aliyah is preparing to expand her IT consulting company.
The current market rate for IT professionals is $ per year. Each employee she hires will also require a computer and equipment that costs $ per employee annually.
Hiring more employees means that Aliyah can provide consulting services to more clients each year. Each client Aliyah has will pay her $ per year.
The number of clients Aliyah can take on is dependent on the number of workers she hires and is depicted in the accompanying table.
a The first worker's marginal cost is $
c The second worker's marginal cost is $
e The third worker's marginal cost is $
Use this information to calculate the marginal cost and the marginal benefit of hiring each worker.
tabletableNumber ofworkerstableClients peryear
b The first worker's marginal benefit is $
d The second worker's marginal benefit is $
f The third worker's marginal benefit is $
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