4. Profit maximization Consider Blewitt's Farm, a small blueberry grower relative to the sime of the market whose production has no lmpoct on wages and prices. The following toble presents Blewitt's production schedule for blueberries: Suppose that the murket wage for blueberry buckert is $80 per worker per day, and the price or blueberies is $15 per pound. On the following graphy use the bige points (circie srimbob) to plot alewit's iabor demand curve when the output arice is sts per pound. Note: Remember to plot each point between the two integen. For example, when the number of workers incieases from. D to 1. the value of the marounat product of for the first worker should be piotted with a horucontal coordinate of 0.5 , the value halfway between 0 and 1 , Lhe segmenti. Will automaticaliy coinnect the points. On the following graph, use the bive points (circle symbol) to plot Blewitt's labor demand curve when the output price is $15 per pound. Note: Remember to plot each point between the two integers. For example, when the number of workers increases from 0 to 1 , the value of the marginal product of for 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. At the given wage and price level, Blewitt's should hire Suppose that the price of blucberries increases to $18 per pound, but the wage rate remains at $80. On the previous graph, use the purple points (diamond symbol) to plot Blewitt's labor demand curve when the output price is sis per pound. Now Brewitt's should hire when the output price is $18 per pound. Assuming that all blueberry-producing firms have similar production schedules, an increase in the price of blueberries will cause the blueberry pickers to Suppose that wages increase to $110 due to an increased demand for workers in this market. Assuming that the price of blueberries remains at \$18 per pound, Blewitt's will now hire