Keithowns a music school that specializes in teaching guitar.Keithhas a limited supply of rooms for his instructors to use for lessons. As a result, each successive instructor adds less toKeith's output of lessons. Guitar lessons cost $25 per hour.

The table below shows, for each successive instructor,Keith's output quantity, marginal product of labor, and value of marginal product.

Quantity of Labor: 1, 2, 3, 4, 5, 6, 7, 8

Quantity of Lessons: 10, 17, 23, 28, 32, 35, 37, 38

Marginal Product of Labor: 10, 7, 6, 5, 4, 3, 2, 1

Value of Marginal Product: $250, $175, $150, $125, $100, $75, $50, $25

Referring to the table above, fill inKeith's labor demand schedule at each of the following daily wage rates for instructors: $75, $100, $150, $200. Assume in this problem that ifKeithis indifferent about hiring an additional worker, hewillchoose to hire that worker.