(Specifically need help on the graph please!)

Topic 8 Assignment O X Topic 8 Assignment X Attempts Score / 4 1 . Problems and Applications Q3 A-Z Suppose that labor is the only input used by a perfectly competitive firm. The firm's production function is as follows: Complete the following demand schedule by indicating the maximum wage the firm would be willing to pay for each quantity of labor. Wage Quantity of Labor Demanded (Dollars per day of labor) (Days of labor) 5 Complete the third column of the following table by calculating the marginal product for each 10 additional worker 20 UT Value of the Marginal Product of 25 bong Days of Units of Marginal Product of Labor 35 w . Labor Output Labor (Dollars) 40 50 10 50 10 40 N 18 Use the blue points (circle symbol) to graph the firm's labor-demand curve, given the demand 35 At VVVV w 25 schedule you just derived. 25 4 30 Note: Remember to plot each point between the two integers. For example, when the number of 20 days increases from 0 to 1, the value of the marginal product of for the first day of labor should be 5 34 plotted with a horizontal coordinate of 0.5, the value halfway between 0 and 1. Line segments will IN 10 36 automatically connect the points. V 5 37 Each unit of output sells for $5. Complete the fourth column of the preceding table by calculating the value of the marginal product of each worker. Labor Demand O Complete the following demand schedule by indicating the maximum wage the firm would be WAGE (Dollars) willing to pay for each quantity of labor. 8 6 8 Wage Quantity of Labor Demanded (Dollars per day of labor) (Days of labor) O 5 10 . + 2 6 20 QUANTITY OF LABOR (Days) 25 35 HNWAUT 40 If the price of output rises from $5 to $8 per unit, the labor-demand curve 50 shifts to the left Save & Continue Use the blue points (circle symbol) to graph the firm's labor-demand curve, given the demand schedule you just derived. Continue without saving