You own a snow shoveling company. You have four employees and are considering hiring a fifth, Hiring a fifth employee will increase the number of houses you can serve from 45 to 50. You charge $20 per house. What is the marginal revenue product of the fifth employee? A) 5 houses B) 10 houses C $20 DJ $100 E) $1,000 Use the following information to answer the next two questions: Patrick has decided to open a day care center. He is deciding how many workers to hire. He has done some research and has determined that he can charge $50 per child per day. He has also determined how many children his company can care for per day for varying number of employees. This information is shown in the table below, For example, if he has two employees, they can take care of a total of 15 children per day. Total Product [Children Marginal Product Total Labor Marginal Product Price Revenue Revenue Product cared for) L TP (O) MP (Q) P (S) TR ($) MRP ($) 1 P 15 3 21 2) What is the marginal product of labor for the second employee? A| 7 children cared for 81 15 children cared for C) $750 DJ 5350 3) Suppose that the market wage for a childcare worker is $300 per day, According to the Rational Rule for Employers that we learned in class, how many workers should Patrick hire? A) 1 B) 2 ( 3 DJ 4