Question: 1. Define the following terms: a. MPL b. MRPL c. MFC 2. Consider the data in the table below. Add columns and fill in the

1. Define the following terms: a. MPL b. MRPL c. MFC 2. Consider the data in the table below. Add columns and fill in the values needed to determine the number of workers this firm should hire. Product Price = Wage = $20 $30/worker Q Workers Total Product 0 0 3 2 10 14 4 16 5 15 6 14 3. How many workers should this firm hire? Explain using marginal analysis

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