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Fill in the table and answer questions. c) Fill in the Table below (10 points) Number of Units of output NIPN Real Marginal Real Prot

Fill in the table and answer questions.

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c) Fill in the Table below (10 points) Number of Units of output NIPN Real Marginal Real Prot workers Prot 0 1 40 3 105 4 5 6 7" d)(5 points) How many workers will you hire now and what is your real prots? Add these new conditions to your production function and labor market and label as point B. Make sure you label your graph completely. e)(5 points) Is your rm better off? Why or why not? f)(5 points) Are workers better off? Name two reasons. g)(5 points) What has happened to personal income tax revenue for the government? What has happened corporate tax revenue for the government? Explain. h)(5 points) What were nominal prots before the change in productivityfwages and what are nominal prots now

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