If hiring the 7th worker increases total product by 5 units, and the price of each unit is $2, which of the following is true? Number of Workers    Total Cost 0    50 1    110 2    160 3    200 4    240 5    250 6    260 7    280 8    310 9    350 10    400          The firm should not hire the 7th worker as MR

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Q: Hand written solutions are strictly prohibited

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Q: marginal profit from hiring

A: Marginal profit = $1,100

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A: The correct answer is given in the second step.

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A: here we find the given by following method as below;

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A: Profit can be calculated by using the formula given below:

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A: Note:- My dear student,As per Bartleby guidelines I have done only one answering at a time, because…

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