A firm operating in competitive input and output markets purchases new technology, which shifts the total product schedule from A to B, as shown in the data below. Schedule A Schedule B Number of Workers Total Product Number of Workers Total Product 1 30 1 35 2 40 2 47 3 48 3 57 4 54 4 65 5 59 5 71 6 63 6 76 At the market wage rate of $30 and product price of $5, this firm will Multiple Choice hire the same number of laborers in both situations. decrease the number of laborers hired from 4 to 3. increase the number of laborers hired from 4 to 5. increase the number of laborers hired from 4 to 6