Question $36$

$1$ Point

$\backslash$table$[[$Number of Workers,Total Product$],[0,0],[1,42],[2,50],[3,56],[4,60]]$

In the exhibit, suppose the firm is hiring only one worker when the price of labor is $$12$ and the output price is $$2.$ Which of the following is true $($hint: solve MRP$)?$

The firm could increase its profit by hiring more labor.

The firm is maximizing profit.

The firm is incurring a loss and should hire less labor.