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And question d is,In terms of the income or substitution effect regarding supply of labor, explain how a rise in one's wage rate can induce

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And question "d" is,In terms of the income or substitution effect regarding supply of labor, explain how a rise in one's wage rate can induce a worker to work fewer hours, instead of more hours.

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(1) (2) (3) (4) (5) (6) Units of Total Quantity of Price of the Marginal Product of $ Total Revenue $ Value of Marginal labor Output product labor (MPL) TR) Revenue Product (VMRP.) $30 N/A N/A 1 40 $30 2 72 $30 3 92 $30 4 102 $30 5 107 $30 b. Explain, in your own words, why VMRP declines as more labor is added. Shouldn't it increase as more labor is added to production process? (5.5 points) 4/6 c. Approximate the number of workers firm A will demand per week if the wage rate (Marginal Factor Cost: MFC) is set at $400 per week, per worker? (3 points)

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