ECON 201 12th Assignment due Monday November 14,2022 1. (10 points) Use the table below to answer the questions. APP L is the average physical product of labor = Output per hours worked =Q/L MPPL is the marginal physical product of labor =DQ/DL a. (2 points) At what level of hours worked do diminishing marginal returns begin? b. (2 points) Find the level of hours worked where unit labor costs are minimized. c. ( 2 points) If the price of output is constant at $3 per unit and the hourly compensation for a worker is $30 per hour, find the number of hours worked that a profit-maximizing firm will hire a worker to work. d. (4 points) Suppose the price of the product increases to $4 and the hourly compensation increases to $32 per hour, , find the number of hours worked that a profit-maximizing firm will hire a worker to work