4. Computing labor productivity and its relationship to the demand for labor Gopher Excavators produces shovels in a small factory and sells the shovels in a competitive pricetaker market. The following table shows the company's production function: Labor Output (Number of workers) (Shovels) 0 0 1 100 2 195 3 275 4 340 5 380 Calculate the marginal product of labor (MP of labor) of each worker, and then plot the MP of labor curve on the following graph using the blue points (circle symbol). Plot points in order, from left to right. Calculate the marginal product of labor (MP of labor) of each worker, and then plot the MP of labor curve on the following graph using the blue points (circle symbol). Plot points in order, from left to right. '\\ K?) 100 O 90 80 M P of Labor 70 60 50 40 30 MP of labor (Shovels per worker) 20 10 LABOR (Number of workers) The following graph shows the demand for labor for three different prices per shovel: WAGE (Dollars per worker) to o g 2 3 LABOR (Number of workers) Given the company's marginal product of labor curve shown on the initial graph, line v on the this graph shows Gopher's demand for labor when the price of a shovel is $1.00, and line Y shows Gopher's demand for labor when the price of a shovel is $3.00