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 $115 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 $115 and the price of output (Q) is equal to $4.00.

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?