Arrange the following steps in the correct order for applying marginal analysis in hiring decisions: A) Calculate the marginal product of the next worker, B) Compare the marginal revenue product with the wage cost, C) Determine the optimal number of workers to hire, D) Assess the impact on overall productivity.

To apply marginal analysis in hiring decisions, you first need to calculate the marginal product of the next worker, which is how much additional output that worker will produce. Next, you compare the marginal revenue product, which is the extra money that output will generate, with the wage cost of hiring that worker. If the marginal revenue product is greater than the wage, it makes sense to hire the worker. After making this comparison, you then assess the overall productivity to see how hiring more workers affects the entire team’s output. Finally, based on these assessments, you can determine the optimal number of workers to hire, ensuring that you are maximizing efficiency and profits.