You have recently opened your own website design business. You charge your clients a price of $500

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You have recently opened your own website design business. You charge your clients a price of $500 per project and are considering hiring additional workers to assist you in expanding your business. 

The table provides data on your marginal product for each additional website designer you hire. Use the information to calculate the marginal revenue product, total output, and total revenue associated with each number of employees. The market wage for website designers is $2,800 per month. If this is the only cost you incur from hiring an additional worker, calculate the marginal cost and profits for each additional worker. Using the Rational Rule for Employers, how many workers should you hire each month? What’s the number of workers that maximizes your profits? 

Number of website designers 1 2 3 4 5 6 Marginal product (completed projects per month) 10 9 8 7 6 5

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