please answer the following

Draw Design Layout References Mailings Review View Help Calibri 11 141 ab = AaB AaBb AaBbC IIII Pocket Hat Block Editing Dictate Sensitivity Editor A Aav 4 AL Font Paragraph Styles Voice Sensitivity Editor 3. Assume that the Springfield Company sells output in a perfectly competitive product market and hires workers in a perfectly competitive labor market. d. If the government placed a minimum wage at $25, how many workers should the Springfield Company hire? Explain. (2 pt) Units Total Marginal Product Total Marginal of Product Product Price Revenue Revenue Labor (TP) (MP (P) (TR) Product ( L) 0 31 3 43 4. Assume that the price of raspberries, a substitute for strawberries, decreases. 53 60 6 65 a. What happens to the price of strawberries in California? Why? (1 RX) a. Complete the marginal product, total revenue, and marginal revenue product columns in the table (3 pt) b. What happens to demand for strawberry pickers in California? Why? (1 QU) b. What happens to the marginal product as more units of labor are hired? What is the name for this? What causes it? (2 RX) C. If many strawberry pickers are immigrants and a new tough immigration law decreases the amount of immigrants in the country, what will happen to the wage paid to strawberry pickers? Explain. (1 RX) C. If the market wage is $15, how many workers should the Springfield Company hire? Explain. (2 H " Focus English (United States) Text Predictions: On words 78 F Sunny ~ C 99+ O