Using exercise 6, calculate the transfer earnings and economic rent of the third unit of the resource when four units of the resource are employed.

Data from in exercise 6

Suppose the resource price rises from \($10\) to \($12\) to \($14\) to \($18\) to \($20\) as resource units go from 1 to 5.

How would that change your answer to exercise 5?

How would it change your answer to exercise 3?

Do the same calculations when only three units of the resource are employed. How do you account for the different answers?