Consider the table below. It shows the production (output) obtained as the # of workers rises. For example, when 1 worker is employed, output is 18. With 5 workers production rises to 55. Labor = N Output = Y MPN 0 0 19 35 45 4 53 5 60 a. Calculate MPN by filling in the last column of the table above. b. Suppose that the nominal Price in the economy of each unit of output is $10. If 4 workers are hired, using the profit maximizing condition, what is the real wage equal? What is the nominal wage equal to? Provide a discussion/explanation for your results along with any calculations. Your discussion/ explanation must illustrate the economic reasoning behind your answer [a numerical answer without any discussion/ explanation will receive zero points].2. [2 points] Suppose that the marginal product of labor curve (measured in real terms) is given by MPN = 249 -2N and the Labor Supply Curve is given by N = 92 + 6w (w is the real wage). Assuming that firms maximize profits, and that the labor market clears (i.e. prices and wages have fully adjusted), what is the equilibrium real wage and the equilibrium full-employment level of N (in equilibrium Ns=Nd=N)? Le. calculate equilibrium N and w. Show work