Question: I need help with this Also on second part , Based on the first law of the labor market, should the coal company hire a
I need help with this Also on second part , Based on the first law of the labor market, should the coal company hire a third worker if the wage rate is $180 per week? [Note that all the measurements on the table are also per week]a.Yes, because the marginal revenue product of labor is higher than the wage rate. b.Yes, because the marginal product of labor is positive.c.No, because the additional revenue brought by this worker is smaller than the wage rate.d.No, because the third worker produces less than the second worker

Number of Total Marginal Average workers Output Product Product O O 28.5 m 23.5 in 103 20.6 The table above represents a coal company where the price of coal is competitively priced at $10 per ton. What is the marginal revenue product of labor (MRPL) of the third worker? O a. $210 O b. $21 O c. $260 O d. $780
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