You can hire all the workers you want at $120 per worker. The output price of your product is $10. Fill in the Table below (10 points)

TABLE 2 (Note: W = $120) NY MPN MRPN Marginal Profit Total Profit 0 P = $10 P = $12 P = $10 P = $12 P = $10|P = $12 1 20 2 38 3 53 4 66 5 77 6 86 7 93 e) (5 points) How many workers will you hire and what is your maximum profit in nominal terms when the price of your output is $10? In real terms? Note, this is when the wage is $120. f) (5 points) How many workers will you hire and what is your maximum profit in nominal terms when the price of the output is $12? In real terms? Note, this is when the wage is $120. g) ( 10 points) In the space below, draw two supply curves - redraw the supply curve from part c) above (with points A and B) and then add the new supply curve when wages are $120. Be sure to put all the shift variables in parentheses next to the two supply curves (like we did in class). Please label as point C when the price is $10 and as point D when the price is $12. 10 points for correct and completely labeled diagram. h) The final shock is a productivity shock in the happy direction where the marginal product of labor, the MPN, rises by 2 for EACH worker (we did this in class!). We go back to original conditions with wages (W) = $100. Please fill in the following Table (10 points)