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Question 36 (1.25 points) Bob's brewery sells beer for $40 per case. It employs 10 workers, and the marginal product of the 10th worker is five cases per day. Bob pays workers a wage of $225 per day. Which statement will help Bob to make the right decision regarding whether to either lay off one worker, hire one more worker or continue to employ 10 workers? 0 the wage is less than the value marginal product and so Bob should layoff one worker O the wage exceeds the value marginal product and so Bob should hire one more worker O the wage exceeds the value marginal product and so Bob should layoff one worker O the wage is less than the value marginal product and so Bob should hire one more worker

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