Workers marginal product, If the marginal product of the

Workers marginal product

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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.

Reference no: EM13838847

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