Scott owns a law-enforcement training operation in Boise, Idaho

Economics Dec 12, 2020

Scott owns a law-enforcement training operation in Boise, Idaho. He employs three trainers. The last trainer Scott hired increased Scott's total cost by $466 per week even though the trainer brought in only one new client. Hence Scott's Select one: a. total fixed cost of the last client equals $466. b. marginal cost of the last client equals $466. O c. total variable cost equals $466. O d. marginal cost of the last worker equals $233. e. total variable cost equals $233.

Expert Solution

It is given that the last trainer hired has increased the total cost by $466 when only one a new client has been brought by the trainer. Marginal cost measures this increase in total cost as output is increased by one unit or one client in this case. Therefore marginal cost is $466 for the last client

Select option B

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