Question: Question Three (30 points) The following table provides information about production at Petra-TV Company. Number of Units Produced Marginal Product Value of Marginal Workers Product

Question Three (30 points) The following table provides information about production at Petra-TV Company. Number of Units Produced Marginal Product Value of Marginal Workers Product 0 0 50 85 115 135 5 150 Price per unit equals $300. a) Find the missing values in the table above. (10 points) b) How many workers will the Petra-TV Company hire if the going wage for TV production workers is $5,500? Justify your answer. (10 points) c) What are your expectations if the price of TV increased? (10 points)

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