1.Use the following table to answer the questions below.

Number of ChefsNumber of Pizzas produced per day

1. 5
2. 25
3. 40
4. 50
5. 55
6. 58
7. 58

a.Find the marginal product (MP) for each value of L.

b.The firm is experiencing increasing returns with how many workers?

c.At what number of workers will diminishing marginal returns begin?

d.Find the marginal revenue product (MRP) for each value of L, assuming the price of a pizza is $10.

e. If the price of a pizza is $10 and each chef's wage is $50 per day, how many chefs will this competitive pizza shop hire in order to maximize profits?

f.At the optimal quantity of labor, the (economic) profit equals $________.

g. Draw a graph showing the optimal quantity of the labor input.Be sure to indicate where the P of labor = MRP of labor.