Skyline Signs in Windham hires technicians in a competitive labor market. Each additional worker adds fewer extra units per hour (diminishing marginal product). The product sells for $10 per unit.
Worker hired | Marginal product (units/hr) | Marginal revenue product ($/hr)
1 | 20 | 200
2 | 15 | 150
3 | 10 | 100
4 | 5 | 50
5 | 1 | 10
6 | 1 | 10
7 | 1 | 10
The market wage for a technician is $80 per hour.
If the firm wants to maximize profit, how many workers should it hire (assuming one-hour periods and no other costs)?