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Question 71

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Use the following to answer question
Use the following to answer question -​If hiring the 7th worker increases total product by 5 units and the price of each unit is $2, A) ​the firm should not hire the 7th worker as MR<MC B) marginal revenue equals $2 C) the firm should hire the 7th worker as MR>MC D) ​the firm should not hire the 7th worker as MR<TC
-​If hiring the 7th worker increases total product by 5 units and the price of each unit is $2,


A) ​the firm should not hire the 7th worker as MR<MC
B) marginal revenue equals $2
C) the firm should hire the 7th worker as MR>MC
D) ​the firm should not hire the 7th worker as MR<TC

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