Second scenario: output price must be reduced to sell a greater quantity of output. The table below gives the total output, per day, for anywhere from 0 to 17 workers. Determine how many workers Broadus Corp. should hire at five different wage rates, ranging from $90/day up to $250/day. The wage rate includes all relevant benefits. You will need to calculate the marginal product of labor and the marginal revenue product of labor. You will be entering the values you obtain for the boldy outlined cells into the Moodle submission area. Cost of the other (non-labor) inputs that go into a case (and would need to be increased if more labor was hired and output increased) = $45.00 Price received per pair of sunglasses = Given below in table Marginal product of labor is the change in total product when labor is increased by one. Marginal Revenue Product (net of the cost of the other required inputs), when the output price changes, equals the change in total revenue (net of other input costs) from adding another worker. Calculate (P - $45)xtotal output. MRP is the change in this when another worker is added. Note that as you hire more workers, output increases and the price must fall to sell that increased quantity. Thus, the MRP is NOT equal to the MP x Price, as in scenario 1. Please note: A few of the table values are filled in. Use these to determine if your approach to the problem is correct.Marginal Revenue Product (net of the Marginal product of Price per pair of cost of the other Number of workers Total product labor sunglasses required inputs) 0 $73.00 12 $72.50 2 26 14 $72.00 431 17 $71.50 4 621 19 $71.00 83 21 $70.50 $504.50 6 ....... 20 $70.00 7 122 19 $69.50 8 140 18 $69.00 9 157 17 $68.50 10 172 15 1... $68.00 5266.50 11 13 $67.50 ..... 12 196 11 $67.00 13 205 9 $66.50 14 212 7 $66.00 15 217 5 $65.50 16 219 2 $65.00 17 219 $64.50 .......Using the information from above, fill in the following 'derived demand' schedule: Note: You hire a worker if their MRP is greater than or equal to their wage rate. Number of workers to Daily wage maximize profits $90.00 $130.00 $170.00 $210.00 $250.00