(Figure: Labor in a Competitive Market 0) In the figure, if the marginal revenue product of the fourth worker is $150, the firm should:

A) hire the fifth worker.
B) reduce employment to three workers.
C) do nothing.
D) reduce employment to two workers.

Question

(Figure: Labor in a Competitive Market 0) In the figure, if the marginal revenue product of the fourth worker is $150, the firm should:
 
A) hire the fifth worker. 
B) reduce employment to three workers. 
C) do nothing. 
D) reduce employment to two workers.

Quizplus · Accepted Answer

The Answer of (Figure: Labor in a Competitive Market 0) In the figure, if the marginal revenue product of the fourth worker is $150, the firm should:
 
A) hire the fifth worker. 
B) reduce employment to three workers. 
C) do nothing. 
D) reduce employment to two workers.

(Figure: Labor in a Competitive Market 0) in the Figure