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Hogwarts is the only firm hiring teachers. The labor supply of wizardry teachers is given in the market shown here. Wage (per day) Quantity of
Hogwarts is the only firm hiring teachers. The labor supply of wizardry teachers is given in the market shown here. Wage (per day) Quantity of labor supplied \[\$300\] \[0\] \[\$400\] \[1\] \[\$500\] \[2\] \[\$600\] \[3\] \[\$700\] \[4\] What is the marginal factor cost of the second unit of labor? Choose 1 answer: Choose 1 answer: (Choice A) \[\$800\] A \[\$800\] (Choice B) \[\$600\] B \[\$600\] (Choice C) \[\$400\] C \[\$400\] (Choice D) \[\$500\] D \[\$500\] (Choice E) \[\$1000\] E \[\$1000\]
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