Complete the following table for a single firm operating in labor market A and product market AA. Units of labor Wage Rate(W) Total Factor Cost(TFC) MFC MRP VMP 1 $10 $10 $10 $16 $16 2 $10 $20 $10 $14 $15 3 $10 $30 $10 $12 $14 4 $10 $40 $10 $10 $12 5 $10 $50 $10 $8 $10 6 $10 $60 $10 $6 $8 What, if anything, one can conclude about the degree of competition in labor market A and the product market AA? What is the profit maximizing level of employment? Explain. Does this profit maximizing level of employment yield allocative efficiency? Explain.4. Why might the decision to undertake an educational program be treated as an investment? From a private perspective, what are the costs and benefits associated with obtaining a college education? And from a social perspective, what are the costs and benefits associated with obtaining a college education? Explain why is it necessary to determine the present value of costs and benefits in making rational human capital decision