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question is attached: Question 41 1 pts Assume the firm that operates with production function described in Table 8.1 is a perfectly competitive manufacturer of

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Question 41 1 pts Assume the firm that operates with production function described in Table 8.1 is a perfectly competitive manufacturer of jeans. The price of output is $85. The firm chooses to employ three workers at a competitive wage. If demand for jeans rises, what best describes the effects on the jeans manufacturing labor market? Table 8.1 Number of Employees (per Total Product (per day) day) O O 17 N 25 30 4 32 O Marginal revenue product will decrease, causing wages to increase O Marginal revenue product will increase, causing wages to increase O Marginal product will increase, causing wages to increase The demand for jeans has no effect on the jeans manufacturing labor market O Marginal revenue product will increase, causing employment to decrease

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