Question: Could you help me graph question e and answer question f? I've attached all needed information. 1. Suppose Firm A sells its output in a



Could you help me graph question e and answer question f? I've attached all needed information.



1. Suppose Firm A sells its output in a perfectly competitive market at a price of $20 per unit. The firm also hires its labor in a perfectly competitive market at a wage rate of $300 per laborer. Complete the table for MPL1 and MRP1 . #of Laborers Total Product -m0--m--m- 2. Suppose Firm B sells its output in a monopolistically competitive market. The firm hires its workers in a perfectly competitive labor market at a wage rate of $300 per worker. Complete the MPL column in the table below. #of laborers Total Output Price Total Marginal Revenue Revenue 'm -___ nm_ Labor Demand Curve Firm A - Map data problem #1 -OMRY data problem # 2 $ 780 $/600 Dollar Value of MRP $ 30d FirmB $200 $ 10 0 1 R 3 4 167 Quantity of Labor e. On the graph, insert the $300 wage rate and identify the profit maximizing level of output for each firm. f. How does the quantity of labor hired differ between the firms
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