5 $ 250 440 $ 1,720
6 $ 300 480 $ 1,780
7 $ 350 500 $ 1,820
( Part A)( 5 points) What is the marginal product of the second worker?.
( Part B)( 5 points) What is the marginal revenue product( MRP) of the fourth worker?
( Part C)( 5 points) What is the marginal cost( MC) of the first worker?
( Part D)( 5 points) Based on your knowledge of marginal analysis, how many workers should you hire? Explain you answer.
( Points: 20)