Question: Based on the correct answer to the previous question, assume the price you sell your product for is $20. And assume the wage you must

Based on the correct answer to the previous question, assume the price you sell your product for is $20. And assume the wage you must pay your workers is $400. Based on this information, and the correct answer to the previous question, and knowing what we studied in class: that you keep hiring workers as long as VMP >= wage, which is the correct position to take regarding hiring the 50th worker? Multiple Choice You should hire the 50th worker because VMP > wage You should not hire the 50th worker because VMP < wage You may or may not hire the 50th worker depending on what his/her AP is. None of the above

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