1. Felicia lvarez, a bakery manager, faces the total product curve shown, which gives the relationship between...

1. Felicia Álvarez, a bakery manager, faces the total product curve shown, which gives the relationship between the number of bakers she hires each day and the number of loaves of bread she produces, assuming all other factors of production are given.

Number of bakers per day Loaves of bread per day 0 0 1 400 2 700 3 900 Number of bakers per day Loaves of bread per day 4 1,025 5 1,100 6 1,150 Assume that bakers in the area receive a wage of $100 per day and that the price of bread is $1.00 per loaf.

a. Plot the bakery’s marginal revenue product curve (remember that marginal values are plotted at the mid-points of the respective intervals).