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Use the Following to Answer Questions 11-16

Question 18

Multiple Choice

Use the following to answer questions 11-16:
Use the following to answer questions 11-16: -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 MB<MC B) marginal revenue equals $2 C) the firm should hire the 7th worker as MB>MC D) the firm should not hire the 7th worker as MB<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 MB<MC
B) marginal revenue equals $2
C) the firm should hire the 7th worker as MB>MC
D) the firm should not hire the 7th worker as MB<TC

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