Answered
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 MR<MC
B) marginal revenue equals $150
C) the firm should hire the 4th worker as MR>MC
D) the firm should not hire the 4th worker as MR<TC
On Sep 23, 2024