(1) If the net price (excluding material costs) of a pizza is $4.00. And the nominal...

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(1) If the net price (excluding material costs) of a pizza is $4.00. And the nominal wage of a worker is $20.00 per hour. How much is the real wage in this case? And how many workers should be employed (per hour) to maximize its profit. Note: for full credit, you need to show step by step answers. (1) If the net price (excluding material costs) of a pizza is $4.00. And the nominal wage of a worker is $20.00 per hour. How much is the real wage in this case? And how many workers should be employed (per hour) to maximize its profit. Note: for full credit, you need to show step by step answers.

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