4. Profit maximization Consider Blewitt's Farm, a small blueberry grower relative to the size of the market whose production has no impact on wages and prices. The following table presents Blewitt's production schedule for blueberries: Labor Output (Number of workers) (Pounds of blueberries) 20 Lidl Suppose that the market wage for blueberry pickers is $200 per worker per day, and the price of blueberries Is $13 per pound. On the following graph, use the blue points (circle symbol) to plot Blewitt's labor demand curve when the output price is $13 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 marpinal 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.300 Demand P $1] Denand Posts LABOR (Number of workers) At the phon ways and price loved, Blewitt's should hireAt the given wage and price level, Blewitt's should hire Suppose that the price of blueberries Increases to $15 one worker ill wage rate remains at $200. two workers On the previous graph, use the purple points (diamond three workers altwitt's labor demand curve when the output price is $15 per pound. four workers Now Blawit's should hire whon th $15 per pound. five workers Assuming that all blueberry-producing firms have similar precutcan Fonedules, an increase in the price of blueberries will cause the blueberry pickers to Suppose that wages Increase to $230 due to an increased demand for workers in this market. Assuming that the price of blueberries remains at $15 per pound, Blewitt's will now hireone worker At the plyon wape and pre should hire two workers Suppose that the price of three workers acces to $15 per pound, but the wage rate remains at $200. four workers On the previous graph, u its (dumond symbol) to plot Blewit's labor demand curve when the output price is $15 per pound. Five worker Now Blewitt's should hire when the output price is $15 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 $250 due to an increased demand for workers in this market. Assuming that the price of blueberries remains at $15 per pound, Blenlet's will now hireAssuming that all blueberry-producing firms have similar production schedules, an increase in the price of blueberries will cause the blueberry pickers to apply of ages increase to $250 due to an increased demand for workers in this market. Assuming that the price of blueberries remains at $15 demand for witt's wil now hireAssuming 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 $250 d decreate Teased demand for workers in this market. Assuming that the price of blueberries remains at $15 per pound, Blemitt's wil now hire IncreaseOn the previous graph, use the p fond symbol) to plot filevitt's labor demand curve when the output price is $15 per pound. ong worker How Blewitt's should hire two workers on the output price is $15 per pound. Assuming that all blueberry-produ three workers millar production schedules, an increase In the price of blueberries will cause the blueberry picks four workers five workers Suppose that wages Increase to $ creased demand for workers in this markoct. Assuming that the price of blueberries remains at $15 per pound, Blewist's will now hire