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 $110 per day. Additionally, preferences for your product rise and thus prices rise to $5.00. Given these new conditions, on a piece of scrap paper, fill in a table like the following. The current wage is $110 and the price of output (Q) is equal to $5.00.

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?