You coserve the number of workers employed and cutput produced each week over time. Each worker costs $500 per week. Each unt of output sels for $175 each. The company's fxed costs are $10,000 per week. Estmate the following relationship between labor and ourput: Output=b2+b1(Workers)+b2(Workers2)+u Using the estimated relationship, find the number of workers the company should hire to minimize its cost per unit (where cost per unit is labor cost and foxed cost divided by units of output). First wo digits behind the decimat: 02 Using the estimated relationship, find the number of workers the company should hire to maximize its weekly proff. Frst two digls behind the decimal: 54 Using the estimated relationship, assuming the price of the company's product rose to $250, find the number of workers the company should hire to maximize ins weekly profft. First two digits behind the decimal: 20 You have collected data from other Best Buy stores on their prices and monthly unit sales for this brand of computer. Using the data, estimate the following relationship between the price per unit and the number of units sold per month. Price =b0+b1 (Unit Sales) +u b0b11445.960Firsttwodigitsbehindthedecimal:960.851Firsttwodigitsbehindthedecimal:85 According to the model, if you charge $1,500 per unit, how many units can you expect to sell in a month? First two digits behind the decimal: 25 Suppose each unit you sell costs you $600. According to your model, what price would you have to charge to maximize your expected monthly profit? Call this the "profit maximizing price." First two digits behind the decimal: 42 If you charged the profit maximizing price, how many units could you expect to sell each month? First two digits behind the decimal: 63 If you charge the profit maximizing price, how much profit could you expect to earn each month? First two digits behind the decimal: 55