Wage DeterminationProductivity and Prices Exercise 1 (Algo) Billy is hiring workers to help him install solar panels. The table below presents the marginal product (in terms of solar panels installed per week) of various workers. Assume this is a perfectly competitive market. What is the marginal revenue product of each worker ifthe current market price to install one solar panel is $35? What ifthe current market price is $50? $75? Using the table below. ll in the \"Marginal Revenue Product\" columns. Instructions: Enter your answers as a whole number. Labor Productivity and Marginal Revenue Product for Solar Panel Installers Marginal Revenue Marginal Revenue Marginal Revenue Labor Marginal Product. Product for P = $35 Product for P = 550 Product for P = $75 (workers) (solar panels) {dollars} (dollars) {dollars} 1 ----_-_- Daphne has receivedjob offers in six different cities across the United States. The table below shows the nominal wage she is being ffered in each city and the average montth rent for an apartment in each city. a. Calculate Daphne's real wage in terms of how many months of rent her wage could purchase in each city and complete the \"Real Wage" column in the table below. Instructions: Enter your answers as a whole number. Daphne's Nominal and Real Wages Nominal Salary Monthly Rent Real Wage [mcmths of Jity' (dollars) (dollars) rent} 555-525 55-55 - - - - - b. In which city is the nominal wage highest? (Click to select) v c. In which city is the real wage highest? (Click to select) v