Suppose that labor is the only input used by a perfectly competitive firm. The firm's production function is as follows:

Complete the third column of the following table by calculating the marginal product for each additional worker.

Days of Labor	Units of Output	Marginal Product of Labor	Value of the Marginal Product of Labor
(Dollars)
0	0
1	10
2	18
3	25
4	30
5	34
6	36
7	37

Each unit of output sells for $5. Complete the fourth column of the preceding table by calculating the value of the marginal product of each worker.

Complete the following demand schedule by indicating the maximum wage the firm would be willing to pay for each quantity of labor.

Wage	Quantity of Labor Demanded
(Dollars per day of labor)	(Days of labor)
	7
	6
	5
	4
	3
	2
	1