Consider a small, remote town with only one employer—a pulp and paper mill. Suppose there are currently 600 workers, each of whom is paid $5000 per month. In order to attract one additional worker, the employer must increase all workers’ wage to $5100 per month. What is the marginal cost to the firm of hiring the additional worker?
Consider a small, remote town with only one employer—a pulp and paper mill. Suppose there are currently 600 workers, each of whom is paid $5000 per”
by | Mar 12, 2022 | Uncategorized
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