Jim Smith runs a company that sells encyclopedia sets for $200 each. When he employs 5 workers, they can sell 20 sets per week, while only 17 sets are sold when 4 workers are employed. If the wage of workers in this skill category is $500 per week, should the fifth worker be hired?
A) No, because the MRP of the fifth worker is less than $500 per week.
B) No, because the MRP of the fifth worker is more than $500 per week.
C) Yes, because the MRP of the fifth worker is less than $500 per week.
D) Yes, because the MRP of the fifth worker is more than $500 per week.

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The Answer of Jim Smith runs a company that sells encyclopedia sets for $200 each. When he employs 5 workers, they can sell 20 sets per week, while only 17 sets are sold when 4 workers are employed. If the wage of workers in this skill category is $500 per week, should the fifth worker be hired?
A) No, because the MRP of the fifth worker is less than $500 per week.
B) No, because the MRP of the fifth worker is more than $500 per week.
C) Yes, because the MRP of the fifth worker is less than $500 per week.
D) Yes, because the MRP of the fifth worker is more than $500 per week.

Jim Smith Runs a Company That Sells Encyclopedia Sets for $200