Suppose that low-skilled workers employed in clearing woodland can each clear one acre per month if each is equipped with a shovel. a machete, and a chainsaw Clearing one acre brings in $1,000 in revenue. Each worker's equipment costs the worker's employer $150 per month to rent and each worker toils 40 hours per week for four weeks each month. Instructions: In parts a, d. and e, enter your answers as a whole number In parts b and c, round your answers to 2 decimal places. If you are entering any negative numbers be sure to include a negative sigh (-) in front of those numbers. a. What is the marginal revenue product of hiring one low-skilled worker to clear woodland for one month? A eBook b. How much revenue per hour does each worker bring in? ferences c If the minimum wage is $11.20, by how much will the revenue per hour in part b differ from the minimum wage? d. Now consider the employer's total costs, which include the equipment costs as well as a normal profit of $50 per acre. If the firm pays workers the minimum wage of $11.20 per hour, what will be the firm's economic profit or loss per acre? (Note: Enter your answer as a positive number-that is, do not use a negative sign if you are entering a loss.) The firm's (Click to select) v per acre will be $ e. At what value would the minimum wage have to be set so that the firm makes zero economic profit from employing an additional low-skilled worker to clear woodland