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Use the Following to Answer Questions 4-8

Question 45

Multiple Choice

Use the following to answer questions 4-8:
Use the following to answer questions 4-8: -If hiring the 4th worker increases total product by 50 units and the price of each unit is $15, A) the firm should not hire the 4th worker as MB<MC B) marginal revenue equals $150 C) the firm should hire the 4th worker as MB>MC D) the firm should not hire the 4th worker as MB<TC
-If hiring the 4th worker increases total product by 50 units and the price of each unit is $15,


A) the firm should not hire the 4th worker as MB<MC
B) marginal revenue equals $150
C) the firm should hire the 4th worker as MB>MC
D) the firm should not hire the 4th worker as MB<TC

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