Question 28 3 pts Refer to the table on a firm using labor as the variable input: 1 2 5 6 7 00 9 # Laborers Total Output 0 0 3 18 4 24 10 39 5 11 29 33 36 38 39 There exists increasing returns to labor from the first laborer through the units of labor. Second O Ninth O Fourth O Third Question 29 9 pts The demand equation for Widgets can be assumed to be P = 1,350 Q 150 where P is the price per unit and Q is the integer number of Widgets sold. The factory for Widgets has annual fixed costs amounting to P11,200,000. Each Widget has a manufacturing cost of P750. Determine the maximum profit possible. 1) How many Widgets should be sold to maximize profit? 2) What should be the price to maximize profit? (Hint 1: you need algebra and calculus) (Hint 2: how do you determine maxima given a quadratic equation?)