Question: please can you help solve this and provide explanation Problem 10.1. A Major League Baseball tam is considering increasing the quality of its pitching staff

 please can you help solve this and provide explanation Problem 10.1.

please can you help solve this and provide explanation

A Major League Baseball tam is considering increasing the quality of its

Problem 10.1. A Major League Baseball tam is considering increasing the quality of its pitching staff by hiring all-star quality pitchers. The table below shows the marginal product of labor (MPL) for the team for each number of pitchers. All-Star Pitchers MPL ($mil./ season) (b) How low would salaries need to fall before the $24 team would hire an additional all-star pitcher? $20 $7 GUTAWNY $5 (c) How would a rule to limit the number of innings $1 a pitcher could play per season affect the MPL? $0.5 increase decrease not change can't tell (a) If the salary for an all-star pitcher is $12 mil- lion per season, how many will this team hire? Problem 10.2. A publisher wants to enter the market for sci-fi romance novels. To do this, the publisher needs to hire an editorial team that will solicit manuscripts, read drafts, and work with authors on revisions. The table below shows the total number of books completed each month in relation to the number of editors. MPL ($ month) Editors Books MPL 4500 Edited (Book Price=$10) 4000 300 700 3500 AWNH 1,050 3000 1,350 2500 1,600 1,800 2000 1,950 1500 2,050 1000 500 9 Editors (month) (a) Fill in the table for the Marginal Product of each worker if sci-fi romance books sell for $10 each. (b) Graph the Marginal Product curve using data from the table. (c) At what point do diminishing returns begin in book editing? (d) If the the market wage for editors is $2,600 per month, how many editors will be hired? (e) If demand for sci-fi romance increases so that books can be sold for $15, how many how many additional editors are hired

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