Instructions: Cick the buttons above the graphing window to show either production functions or cost functions. Type if values for Fixed Costs or Wage Rate (the cost per worker). Move the Productivity Index right to see the effect of increasing productivity by up to 25\%6. The table and graphs will update as Settings are changed. Set fixed Costs to $100 , Wage Rate to $40 per worket, and slide the Productivity index so that 1 worker yleids 22 units of output. This represents 10% greater productivity than the firm's current levels. What is the marginal cost of each additional unit gained from employing a fourth worker? $ decimal places) (report your answer to three The marginal cost of each unit produced when a fourth worker is hired can be calculated with a subtraction problem within a division problem, using the definition of marginal cost. Show this calculation below. MC = 15.

1. Instructions: Cick the buttons above the graphing window to show either production functions or
cost functions. Type if values for Fixed Costs or Wage Rate (the cost per worker). Move the
Productivity Index right to see the effect of increasing productivity by up to 25%6. The table
and graphs will update as Settings are changed. Set fixed Costs to $100 , Wage Rate to $40 per
worket, and slide the Productivity index so that 1 worker yleids 22 units of output. This
represents 10% greater productivity than the firm's current levels. What is the marginal cost of
each additional unit gained from employing a fourth worker? $ decimal places) (report your
answer to three The marginal cost of each unit produced when a fourth worker is hired can be
calculated with a subtraction problem within a division problem, using the definition of marginal
cost. Show this calculation below. MC = 15