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16 The following table shows the production function for a bicycle manufacturer. Number of Workers Number of Bicycles Marginal Product Marginal Revenue 1 3 3 $ 2 7 0.25 W 10 W points 12 2 S 5 13 eBook a) Suppose that the weekly wage is $720. What is the marginal labor cost of the second worker per week? References $ b) Suppose that the price of a bicycle is $440. What is the marginal revenue for each level of output? Instructions: Fill in the values fo the marginal revenue in the table above. c) How many workers does the bicycle manufacturer employ if the price per bicycle is $440 and the weekly wage is $720? workers d) If the price per bicycle drops to $300, what happens to the number of employed workers? The number of employed workers will (Click to select)