Question: The table below shows the data for Gumbles Ltd. Quantity of Labour (hours) 1 2 3 4 5 6 7 Marginal revenue product (hourly) $11

The table below shows the data for Gumbles Ltd.

Quantity of Labour (hours)

 1 2 3 4 5 6 7

Marginal revenue product (hourly)

 $11 $15 $14 $12 $10 $7 $6

How many workers should Gumbles hire at the following wage rates? a. $12 per hour b. $10 per hour c. $7 per hour d. $6 per hour

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