Multiple Choice
Use the following to answer question
-If hiring the 6th worker increases total product by 7 units and the price of each unit is $2,
A) the firm should not hire the 6th worker as MR<MC
B) marginal revenue equals $2
C) the firm should hire the 6th worker as MR>MC
D) the firm should not hire the 6th worker as MR<TC
Correct Answer:

Verified
Correct Answer:
Verified
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