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How do i go about completing this table? 1. Suppose Firm A sells its output in a perfectly competitive market at a price of $20

How do i go about completing this table?

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1. Suppose Firm A sells its output in a perfectly competitive market at a price of $20 per unit. The firm also hires its labor in a perfectly competitive market at a wage rate of $300 per laborer. Complete the table for MPL1 and MRP1.| # of Laborers Total Product MPL1 MRP 1 MRP 2 1 20 20 $300 2 60 40 3 95 35 128 33 5 153 25 6 168 25 173 5 170 .3

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