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QUESTION 22 10 points Labor Output (workers per day) (sweaters per day) 10 0 10 10 20 17 30 23 40 28 50 32 Bill's

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QUESTION 22 10 points Labor Output (workers per day) (sweaters per day) 10 0 10 10 20 17 30 23 40 28 50 32 Bill's Custom Bicycles production function is shown in the above table. If Bill hires workers on a perfectly competitive labor market at a wage rate of $2,400 per month, and sells bicycles on a perfectly competitive goods market at a price of $400 per bicycle, how many workers per month will he hire to maximize his profits? Relatedly, how much output per month will be produce in this scenario? For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). B I US Paragraph V Arial 10pt P O WORDS POWERED QUESTION 23 10 points Imagine a scenario where Amazon and Walmart compose the entire e-commerce industry. The companies have two strategic choices: keep prices

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