JEE WhatsApp Group
Sign in
Please select an account to continue using cracku.in
↓ →
JEE WhatsApp Group
Join Our JEE Preparation Group
Prep with like-minded aspirants; Get access to free daily tests and study material.
A ceramic pottery unit hires 8 craftsmen by paying each of them Rs 900 per day. The 9th craftsman demands Rs 950 per day. If this craftsman is hired then all other craftsmen must be paid Rs 950. The marginal resource (labour) cost of the 9th craftsman is _________.
Resource(Labour) cost for 8 craftsmen before 9th craftsmen is hired$$=900\times8=7200$$
Resource(Labour) cost after 9th craftsmen is hired$$=950\times9=8550$$
The marginal resource(labour) cost of the 9th craftsmen$$=8550-7200=1350$$
Create a FREE account and get:
Educational materials for CAT preparation
Ask our AI anything
AI can make mistakes. Please verify important information.
AI can make mistakes. Please verify important information.
