Please provide explanation of your answer

2. (LO 12) Table 12.7 4 gives the data for Gumbles Ltd. TABLE 12.7 Quantity of Labour 1 2 3 4 5 6 7 Marginal Revenue Product (hourly) $10 $15 $14 $12 $10 How many workers should Gumbles hire at each of the following wage rates? a) $15 per hour $12 per hour $9 per hour d) $6 per hour 3. (LO 1(2) Suppose that in the country of Gardenia the nominal wage rate is $18 per hour and the price level is 1.2. What is the value of the real wage rate? b) If the nominal wage rate increases by 10 percent. what will be the new value of the real wage rate? C ) If instead the price level were to increase by 10 percent. what will be the new value of real wages