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If the demand for strawberries increases, which of the following statements about the demand for strawberry pickers is accurate? (4 points) The demand for strawberry

If the demand for strawberries increases, which of the following statements about the demand for strawberry pickers is accurate? (4 points)

The demand for strawberry pickers will be unaffected.

The demand for strawberry pickers will decrease.

The demand for strawberry pickers will increase.

The demand for strawberry pickers will decrease in proportion to the decrease in the marginal physical product of the strawberry pickers.

The demand for strawberry pickers will increase in proportion to increase in the marginal physical product of the strawberry pickers.

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D E 240501 ME} A rm has the following marginal revenue product of labor (MRPL) for different amounts of labor. Each unit of labor costs $25. Labor Marginal Revenue Product 1 25 2 35 3 30 4 20 5 10 If the firm employs 3 units of labor, what is its marginal resource cost? (4 points) 5. (05.01 HC) Mallory's Narwhals Inc. sells stuffed animal narwhals as a children's bedtime toy. The price of the narwhals is $5, and the firm has the following production table. Units of Labor Total Product Marginal Product 1 12 12 2 30 18 3 45 15 55 10 5 60 5 Assume that labor is the firm's only cost. If each unit of labor costs $50, how much labor should it employ, and what will its economic profit be? (4 points) 3 units; $225 4 units; $75 O 4 units; $275 5 units; $300 5 units; $25

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