Question

John wants to add an employee to his event management crew. What is the marginal cost of this decision?

A.
the total revenue created by the new member
B.
the salary to be paid to the new member
C.
the salary paid to the existing crewmembers
D.
the total salary paid to the crew and the new member
E.
the total cost of the entire event

*edited by a mod to add answer choices*

Answer 1

the marginal cost is the added cost from adding *one* unit (in this case, the one new employee)

so in this scenario, what is the cost just from adding the new crew member?