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According to the table depicting a firm's short-run production function and assuming this firm is selling output in a perfectly competitive market for a price of $2 per unit, if the wage rate is $8 the firm's revenue will increase by: Number of Workers (Labor) 0 1 2 Quantity of Output 0 5 11 3 16 un AwN 4 20 23 5 Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer, a $8 if it hires a fourth worker, and costs will also increase by S8. b $4 if it hires a fourth worker, but costs will increase by $8. $4 if it hires a fourth worker, and costs will also increase by $4. d S8 if it hires a fourth worker, but costs will increase by $4. Based on the data in the table and assuming this fimm is selling output in a perfectly competitive market for a price of $2 per unit, if the wage rate is $8 the profit-maximizing firm will hire: Number of Workers (Labor) 0 1 2 3 Quantity of Output 0 5 11 16 20 23 4 5 Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer a 2 workers and sell 11 units of output. b 3 workers and sell 16 units of output. 4 workers and sell 20 units of output. d 5 workers and sell 23 units of output. Based on the data in the table and assuming this firm is selling output in a perfectly competitive market for a price of $2 per unit, if the wage rate is $8 the profit-maximizing firm will earn total revenue equal to and pay labor costs equal to Number of Workers (Labor) 0 1 2 3 Quantity of Output 0 5 11 16 20 23 4 5 Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a 522; $16 b $32;S24 c $40; 532 d 546; $40