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RESOEECE DEMAND Units of Product Total m 1131!! M12): M Farwan hilt): 1 15 s :1 %_ 2 34 _ _ 3 52 ___

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RESOEECE DEMAND Units of Product Total m 1131!! M12): M Farwan hilt): 1 15 s :1 %_ 2 34 _ _ \" 3 52 ___ " 4 69 _" _ 5 as __1. _\"' 6 93 _' __ " t 103 _ "" 3 113 _.1_1 %_ "' 9 111 " _ a. Calculate Marginal (Physical) Product, Total Revenue, and Marginal Revenue Product. h. Approximately how man}r workers would this rm hire if the perfectly competitive wage was $29? (Hint: W = S = MRO; ME? = MRO determines it of workers ((2).) 0. Draw a graph illustrating part b. Label your axes and canes. Insert the numerical values for the wage rate and the # of workers hired. :1. Approximately how many workers would this rm hire if the perfectly competitive wage decreased to $15? e. On the same graph them part c, illustrate the new wage rate and the number of Workers hired. Label the new wage curve and insertthe key numerical values. f. Does this represent a movement along the MRP=D curve or a shifting ofMRP=D and why

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