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10 points for correct and completely labeled diagram. h) The final shock is a productivity shock in the happy direction where the marginal product of

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10 points for correct and completely labeled diagram. h) The final shock is a productivity shock in the happy direction where the marginal product of labor, the MPN, rises by 2 for EACH worker (we did this in class!). We go back to original conditions with wages (\"O = $100. Please ll in the following Table (10 points). TABLE 3 ote: W: $100 NYMPN MRPN Marginal Prot Total Prot EI-P=$10P=$12P=$10P=$12P=$10P=$12 III-I...- III-I...- III-I...- III-I...- i) (5 points) How many workers will you hire and what is your maximum prot in nominal terms when the price of your output is $10? In real terms? Note, this is when the wage is $100. j) (5 points) How many workers will you hire and what is your maximum prot in nominal terms when the price of the output is $12? In real terms? Note, this is when the wage is $100. k) (10 points) In the space below, draw three supply curves redraw the two supply curves from above (completely labeled with points A,B,C,D) and add the new supply curve given the productivity shock. Be sure to put all the shift variables in parentheses next to all three supply curves. On this third supply curve, please label as point E when the price is $10 and as point F when the price is $12

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