Question: Please fill out the table below and then use the information to answer the questions below. Workers TP MP P MRP MFC 0 0 1
Please fill out the table below and then use the information to answer the questions below.
| Workers | TP | MP | P | MRP | MFC |
| 0 | 0 | ||||
| 1 | 22 | ||||
| 2 | 48 | ||||
| 3 | 79 | ||||
| 4 | 100 | ||||
| 5 | 115 | ||||
| 6 | 122 |
Assume that the business above makes earbuds that sell for $49.99 a pair (ok, ok, let's round it off to $50 J). Additionally, all workers are paid $750 per week
1. How many workers should this firm hire per week?
2. When do diminishing marginal returns set in for this business?
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