12 Complete the following tables and answer the questions. Table Pe Competition Mar Labor Pod Pet Peeve Product 2 17 2 31 43 453 1. How many workers will the firm hire if the market wage rate is $27.95? 2. How many workers will the firm hire if the market wage rate is $19.95? Table 2 perfect Competition Marginal Units of Total Marginal Product Total Rev 225 17 130 31 215 43 210 201 200 3. How many workers will the firm hire if the market wage rate is $27.95? 4. How many workers will the firm hire if the market wage rate is $19.95? 5. Compare the hiring practices of the firm under Pure Competition and Imperfect Competition. In which situation is the demand for labor more elastic