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Acme Products Inc. has the following production schedule. The price of the product being produced is $5 in a purely competitive market. In the following table. compute Marginal Product and Marginal Revenue Product for every \"jump\" between one level of workers and the next. Instructions: Enter your answers as whole numbers Fairly Decent Industries has the following production schedule. The price of the product being produced is $3 in a purely competitive market. On the following table, compute the Marginal Revenue Product for every "jump" between one level of workers and the next. Instructions: Enter your answers as whole numbers. Marginal Marginal Workers Output/Hour Product Revenue Product 0 0 8 8 2 14 6 18 4The following graph represents the Marginal Revenue Product for workers at Ollie's O-Rings: $/worker/hour $40 $36 $32 $28 $24 $20 $16 $12 $8 $4 20 40 60 80 100 # of workers a.) Suppose the equilibrium wage rate in the labor market is $12/hour. Ollie's O-Rings would employ workers. b.) Suppose the equilibrium wage rate rose to $16/hour. Ollie's O-Rings would then employ [ workers.An increase in the product price will cause market labor demand curve to v (Click to select) , while a decrease in the product price will cause market labor demand curve to ( (Click to select) shift out shift in go negative pay workers less