Question: Initially, when a firm hires a fourth worker, its wage rate goes from $80 a worker to $90. The marginal revenue product of the fourth

Initially, when a firm hires a fourth worker, its wage rate goes from $80 a worker to $90.

The marginal revenue product of the fourth worker is $100. Then the government imposes a

minimum wage of $90 a worker. If the firm now hires the fourth worker, its profits will:

How to solve this with explanation and calculation:

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