Please answer all. all related to this table:
Labor (L) Output (Q or TP)
1 7
2 15
3 25
4 33
5 40
6 45
A- The marginal product of the 6th worker equals 7 units.
True
False
B--- The firm is experiencing increasing marginal returns with 3 workers.
a) True
b) False
C---Diminishing marginal returns sets in with the 4th worker.
True
False
D---If the price of the output equals $2, then the marginal revenue product (MRP) of the 4th worker is $16.
True
False
F----Assume the price of labor equals $10, and the price of the output produced equals $2. If the firm wants to maximize profit, it should hire 3 workers.
a) True
b) False