Day: June 12, 2022

To increase the labour force from 31 to 32 workers, an entrepreneur is forced to increase the daily wage rate from £50 to £53.

What is the marginal cost of labour per day?

Select ONE answer:

1. £2
2. £62
3. £96
4. £146

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Economics KS4 and KS5 classes.

The answer is 4

1. Not correct
2. Not correct
3. Not correct
4. Correct – (£50 + £3 * 32 workers)

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