Consider the Labor Economics Question.This will provide insight into the idea of the optimal number of workers and the value of the marginal product of labor.

If wages in the restaurant is $14.00 per hour and the price of a Hamburger is $4.20 and the production function for the workers is:

Q = 15L - 0.5L2

1. Compute the maximum profit at Your Restaurant. (Consider that profit involves Total Revenue and Total Costs).
2. Compute the profit created if You hire an additionalworker. Explain why it is or is not profit-maximizing to hire an additional worker.
3. Suppose instead that You want to keep the lines as short as possible by maximizing production.How many workers should You employ during the lunch hour?