If, after hiring the 6th worker, a firm's output falls, then the marginal product of the 6th worker is negative.
Indicate whether the statement is true or false
Question 2
Refer to Figure 12-4. If the market price is 30 and the firm is producing output, what is the amount of the firm's profit or loss?
A) loss of 1,080 B) loss of 2,520 C) profit of 1,440 D) profit of 1,300