(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) Hiring costs (period 0) MRP during hiring period MRP after hiring period "discount rate" = $1500 = $750 = $1000 = $3000 = 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) Hiring costs (period 0) MRP during hiring period MRP after hiring period "discount rate" = $1500 = $750 = $1000 = $3000 = 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