1.3 Consider the following information for a soccer ball manufacturing firm that can sell as many soccer balls as it wants for $12 per ball. Number of Workers 0 1234567890 10 Number of Soccer Balls Produced Per Week 0 20 50 90 180 280 MPL 1111811111 50 14 TR 11111 2,520 MRPL 336 216 11 a. Fill in all the blanks in the table. b. Verify that MRP, for this firm can be calculated in two ways: (1) change in TR from adding another worker and (2) MPL times the price of output. c. If this firm must pay a wage rate of $320 per worker per week, how many workers should it hire? Briefly explain why. d. Suppose the wage rate rises to $400 per worker per week. How many workers should be hired now? Why? e. Suppose the firm adopts a new technology that in- creases output at each level of employment by 50 per- cent and the price of soccer balls remains at $12. What is the effect of this new technology on MPL and on MRPL? At a wage of $400, how many workers should the firm hire now? nn 2111 tion att of New people which state b many of lab has b mar 10.2 LA LEARNIN and dem 2.1 T L