Question 2 Candice's' Cupcakes is 2 new cupcake delivery company in Gainesville, Florida. The firm hires local college students to sell cupcakes door-to-door in higher income neighborhoods. Each of these \"Sales Associates\" sells cupcakes, which increases Candice's Cupcakes' total revenue, but must be paid an hourly wage. The graph below depicts Candice's Cupcakes' demand for labor curve when the retail price of a cupcake is 52.50. Hourdy Wage H I i Number of Sales Associabes Demanded Fart (i): Suppose that the retail price of a cupcake is 32.50. What is the marginal product of the 3 Sales Associate? Part (ii]: Suppose that the retail price of a cupcake is 52.50. What is the marginal product of the 5 Sales Associate? Part (iii): Suppose that the retail price of a2 cupcake increases to 53.00, but that the sales associates' marginal products are not affected. What is the marginal revenue product of the 3 5ales Associate? Part (iv): Suppose that the retail price of a cupcake increases to 53.00, but that the sales associates' marginal products are not affected. What is the marginal revenue product of the 5 5ales Associate? Part (v): Complete this sentence: As the price of the good being produced increases, the demand for labor (decreases; increases). If the wage is unchonged, {fewer; mare) workers will be hired