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Workers Output 60 80 l 05 1 25 140 l 50 The table above describes the production function for John John's Tshirt rm. Jones can

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Workers Output 60 80 l 05 1 25 140 l 50 The table above describes the production function for John John's Tshirt rm. Jones can hire as many workers as he wants for $75 per day and can sell as many T-shirts as he wants for $5 each. (a) Given the production information above, do each of the following. (i) Draw a graph showing this lm's demand and supply curves for workers. (ii) Explain how Jones will determine the number of workers to hire. (iii) Indicate how many workers Jones will hire. (b) Assume the wage rate at which Jones can hire workers he wants increases to $i20 per day. and the selling price of T-shirts increases to $6. Do each of the following. (i) Explain how the demand for workers will change. Indicate how many workers Jones will hire

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