Skip to content
MathsGenie logo
Open app

Course home

  1. A Level
  2. Economics OCR
  3. Question bank

The labour market

EasyMediumHard
1234567891011
Question 11

A logistics company currently employs 15 specialist heavy-goods vehicle (HGV) drivers at a daily wage rate of £120.00\pounds120.00£120.00. To recruit one additional driver, the company must raise the daily wage rate for all drivers by £4.00\pounds4.00£4.00.

What is the marginal daily cost to the company of employing this extra driver?

£4.00\pounds4.00£4.00

£124.00\pounds124.00£124.00

£184.00\pounds184.00£184.00

£1,984.00\pounds1,984.00£1,984.00

The labour market Questions

  1. A Level
  2. /Economics
  3. /The labour market