Dance a Lot Shoes produces handmade practice dance shoes in a perfectly competitive market for handmade practice dance shoes. A set of handmade practice dance shoes sells for $300. The table below shows the production possibilities available to Dance a Lot Shoes in the short run, when other factors of production are fixed. The labor market for Dance a Lot Shoes' skilled cobblers is perfectly competitive and the going wage rate for a skilled cobber is $1,500 per week. Number of Total pairs of cobblers per shoes produced week (L) per week (Q)

0 0 1 8 2 15 3 21 4 26 5 30 6 33

a. (1 point) Give a definition of marginal product of labor. b. (1 point) Give a definition of marginal revenue product of labor. c. (4 points) Compute the marginal product of labor AND the marginal revenue product of labor for the first worker, the second worker, and so forth. d. (2 points) What is the profit maximizing quantity of labor to hire? e. (1 points) Give a definition of the firm's labor demand curve (also called more generally, a factor demand curve, where "factor" refers to a factor of production). f. (2 points) Provide a sketch of Dance a Lot Shoes' demand for labor, and make sure to show all 6 points on the demand curve, given your work above.