Question 28 14 / 14 pts Having filled out the above table, we now consider the number of workers that will be hired by the profit-maximizing firm. In the table below, fill in Quantity of Labor demanded column. In other words, we are asking the following: How many workers will the firm hire at each wage rate? Wage Quantity of labor demanded 50 6 130 150 200 2 250 300 350 0 Answer 1: 5 Answer 2: 4 Answer 3: 3 Answer 4: 2 Answer 5: Answer 6: Answer 7: 0Question 27 8.5 /9 pts In this problem, the short run production function is given. In other words, we are able to see the total output that is produced when different amounts of labor inputs are hired. Each output unit produced by this firm is sold at a price of P = $4. Fill out the rest of the table from the given information. Recall that MP = Marginal Product, MRP = Marginal Revenue Product, and TR = Total Revenue. Labor Outpu MP MRP TR 0 80 320 320 7 140 60 240 560 3 185 45 180 740 220 140 250 120 1000 6 260 10 40 1040