Terrier Touring is a dog-walking service with the production function shown in the accompanying table. If the wage is $12 per hour, Terrier Touring would want to 

a. Hire the first but not the second worker. 

b. Hire the second but not the third worker. 

c. Hire the third but not the fourth worker.

d. Hire the fourth but not the fifth worker. 

e. Hire the fifth but not the sixth worker.

Transcribed Image Text:

Workers/Hour 0 1 2 3 4 5 6 Total Product (Dogs Walked/Hour) 0 6 11 15 18 20 21 Price ($/Walk) 5.00 5.00 5.00 5.00 5.00 5.00 5.00