Workers work in printing press.Each gets paid Rs450 per day.8th workers demand Rs500 per day.if this worker hired then all other workers must be paid Ra 500 per day.The marginal resource (Lobour)cost of the 8th worker is....?
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The answer is rs 850
Cuz the other 7 workers have been given 50rs more
50*7 =350
And the 8th worker is paid rs 500
So it's becomes 500+350 =850
Cuz the other 7 workers have been given 50rs more
50*7 =350
And the 8th worker is paid rs 500
So it's becomes 500+350 =850
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