(6 points) Assume that a profit-maximizing firm has a 3-period time horizon with fixed hiring costs occurring in the first period (i.e., period 0). Initial Wage (period 0) = $1500 Hiring costs (period 0) = $750 MRP during hiring period = $1000 MRP after hiring period = $3000 "discount rate" = 10% a. Given the information above, determine the post-hiring wage so that the firm equates the present discounted value of marginal labor cost and marginal revenue product (assume W1 = W2 = wp). Graph your results and explain your diagram. (6 points) Assume that a profit-maximizing firm has a 3-period time horizon with fixed hiring costs occurring in the first period (i.e., period 0). Initial Wage (period 0) = $1500 Hiring costs (period 0) = $750 MRP during hiring period = $1000 MRP after hiring period = $3000 "discount rate" = 10% a. Given the information above, determine the post-hiring wage so that the firm equates the present discounted value of marginal labor cost and marginal revenue product (assume W1 = W2 = wp). Graph your results and explain your diagram