3. The firm's demand for a resource and marginal revenue product Gopher Excavators produces shovels in a small factor'iur and sells the shovels in a competitive market. The following table shows the company's production function: Labor Output ( Number of workers) (Shovels) U U l 100 2 195 3 2?5 4- 340 5 3?5 Use the blue points (circle symbol) to plot the production function for Gopher Excavators on the following graph. 400 O 380 Production Function 320 280 240 OUTPUT (Shovels) 200 180 120 80 2 3 LABOR (Number of workers) Calculate the marginal product of labor (MPL) of each worker, and then plot the MPL curve on the following graph using the blue points (circle symbol). Note: Remember to plot each point halfway between two integers. For example, when the number of workers increases from 0 to 1, the MPL of the first worker should be plotted with a horizontal coordinate of 0.5, the value halfway between 0 and 1. Line segments will automatically connect the points.\fThe following graph shows the demand for labor for three different prices per shovel: WAGE (Dollars perworker} _. _. _' N 3 B E S E 3 2 3 LABOR (Number of workers) 8 Given the company's marginal product of labor curve shown on the initial graph, line for labor when the price of a shovel is $1.00, and line Y on like previous graph shows Gopher's demand V shows Gopher's demand for labor when the price of a shovel is $2.00