Suppose, due to a technological innovation, the marginal product of each worker rises by four. At the same time, due to tight labor markets, the wages that you must pay rise to $100 per day. Additionally, preferences for your product rise and thus prices rise to $4.00. Given these new conditions, on a piece of scrap paper, fill in a table like the following. The current wage is $100 and the price of output (Q) is equal to $4.00

NOTE:You will not need to submit this table, but it will help you answer the following THREE questions.

1. 1.How many workers will you hire to maximize profits?
2. What are the maximum profits?
3. How much output is produced at profit maximization?