Marginal Revenue Product Exercise 2 Pierre produces wedges of aged cheddar cheese and sells them for $10 each. The table below shows the labor productivity for Pierre's cheesemaking business. Fill in the missing values. Assume this is a perfectly competitive market. Instructions: Enter your answers as a whole number. Pierre's Cheese Business and Revenues Labor Total Produet (wedges Marginal Product Price Total Revenue Marginal Revenue (workers) of cheese) [wedges of cheese} ldollars) {dollars} Product (dollars) -__ ----_- -_I__-_- nm- --_- --_- ---_-_- -_- Marginal Resource Cost Exercise 1 (Algo) Stephanie is looking to hire workers to help her produce earrings. The current hourly market wage rate is $12 per worker. Assume this is a perfectly competitive market. Fill in the \"Total Labor Cost" and \"Marginal Resource Cost\" columns in the table below. Instructions: Enter your answers as a whole number. Stephanie's Resource Costs Labor Total Labor Cost Marginal Resource Cost (workers) [dollars per hour} (dollars per hour)