(Table: Demand for Labor I) The table shows the quantity of labor demanded at different wage rates. 
Which of the following statements is TRUE?
I. When the market wage is $25 and the firm hires 7 workers, the benefit of hiring the seventh worker is greater than the costs of hiring the seventh worker.
II. When the market wage is $25 and the firm hires 4 workers, the benefit of hiring the fourth worker is less than the costs of hiring the fourth worker.
III. When the market wage is $25 and the firm hires 5 workers, the benefit of hiring the fifth worker on the margin equals the costs on the margin of hiring the fifth worker.
Definitions:
Being Overextended
Taking on too many tasks or commitments simultaneously, leading to stress or inability to perform effectively.
Multitasking
The ability to perform more than one task or activity at the same time.
Empty Classroom
A classroom with no students or teachers present.
Coping Strategies
Techniques or methods employed to manage or overcome stress and difficult situations.
Q5: In the market for capital, the discovery
Q9: (Figure: Clothing and Food I) Suppose the
Q18: A recent willingness-to-pay survey asked respondents to
Q48: Consider the following game. <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8428/.jpg" alt="Consider
Q60: A pizza monopolist employing third-degree price discrimination
Q71: (Figure: Crumpets and Tea II) If the
Q75: (Figure: Cost of Pollution) Which of the
Q98: (Figure: Principal-Agent Game III) What is the
Q107: Fang has the opportunity to buy an
Q110: For calculating net present value (NPV), the