If the marginal product of the 4th worker hired is 6 and, Ask an Expert

Economics

If the marginal product of the 4th worker hired is 6, and the marginal product of the 5th worker hired is 4, you should not hire the 5th worker because your profit would decrease since the 5th worker’s marginal product is less than the marginal product of worker 4. Indicate whether you believe the statement is True or False, and then briefly explain your answer.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91298960

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