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1. Suppose that the market wage is $10 per hour but that Charlie will work harder if his employer pays him a higher wage. The relationship between Charlie's wage and MRP, is given in Table 11P.1. What is the efficient wage for Charlie? ble 11P.1 Charlie's Wage Rate and Marginal Revenue Productivity Wage ($/hour) MRP ($/hour) 8 12.00 10 16.00 12 19.00 14 20.50 16 22.00 18 23.00 20 24.00 22 24.50 24 25.00 26 25.75