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here is the question 11. Judy's Ice Cream hires workers to produce milk shakes. The market for milk shakes is perfectly competitive and the price

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11. Judy's Ice Cream hires workers to produce milk shakes. The market for milk shakes is perfectly competitive and the price of a milk shake is $4. The wage rate is given below the table with the worker's total product schedule. Wage Number of Workers Quantity Produced (milk shakes per day) 25 0 0 29 7 33 2 21 37 33 41 4 43 45 Cn 51 49 6 55 a. Draw the labor demand, labor supply and marginal factor cost curves for this firm. b. How many workers will this firm hire to maximize its profit and how many milk shakes a day will this firm produce? c. If the price of a milk shake rises to $5, how many workers will this firm hire

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