Hi, I am really confused on these questions and it would be great if i could get help on it for my homework. Thanks!

1. (6 points) Deciding how many workers to hire: Assume that the initial price of shoes in this example is $20 per pair. What is the marginal revenue product for each worker? Fill in the following chart and graph each function.. Number 0 2 3 4 5 6 7 of workers Total 0 10 19 27 33 38 40 40 Output Of shoes Marginal Output of shoes Marginal Revenue Product a. If it costs the firm $150 per worker per day, how many workers would be hired? Why? b. If the price of shoes went up to $30 per pair how many workers would be hired? c. If labor costs went up to $180/day and the price of shoes was $30 each, how many workers would be hired? 2. (2 points) Explain the labor-leisure tradeoff. Why would the labor supply be backward bending at a very high wage rate? 3. (2 points) If the price of the product being produced goes down, how does that impact labor demand? Illustrate this impact on a labor market graph where you have wage rate on the vertical axis and quantity of workers on the horizontal axis