In question $1.$ i$)-$ v$)$ we are concerned with a firm's hiring decision. Below we are given a firm's hiring decision process:

Hiring Decision

Question $3$

$10$ pts

iii$)$ At point $$ The firm has incentive to hire more labor since

$$

$B,W>MRP$

B$,E,W>$MRPE,$WW$

$E,W>MRP$

$E,W$