Q Question 1 1 / 1 pts When MFC < MRP, a firm in a competitive market will Question 2 1 / 1 pts The additional revenue earned from hiring one more worker is known as the Question 3 0 / 1 pts Refer to the above table. If the price of the good produced is $5, the marginal revenue product of the 5th worker is Question 4 1 / 1 pts When the marginal productivity of labor decreases, the demand curve for labor in a perfectly competitive market Question 5 1 / 1 pts When 5 units of labor are employed, total product is 10 units; when 6 units of labor are employed, total product is 11 units of output. If the price of output is $5 per unit, what is the marginal revenue product of the 6th unit of labor?

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