Question: The table below presents the labor and wage information for the sole demander of medical doctors in a small town. Total Labor Marginal Wage Rate

The table below presents the labor and wage information for the sole demander of medical doctors in a small town. Total Labor Marginal Wage Rate Resource Cost 1 $25 $ $ 2 3O 3 35 4 4O 5 45 Instructions: Enter your answer as a whole number. a. Complete the Total Labor Cost column of the table above. b. Complete the Marginal Resource Cost column of the table above. Competitive Capital Markets and Payments to Capital Exercise 2 (Algo) Billy is renting trucks that will be used to install solar panels. The table below presents the marginal product (in terms of solar panels installed per week) of various trucks. Assume this is a perfectly competitive market. a. What is the marginal revenue product of each truck if the current market price to install one solar panel is $50? What if the current market price is $100? $150? Using the table below, ll in the \"Marginal Revenue Product" columns for each price. Labor Productivity and Marginal Revenue Product for Solar Panel Installers Marginal Marginal Revenue Marginal Revenue Product Marginal Revenue Capital Product Product for P : $50 for P : $100 Product for P : $150 (trucks) (solar panels) (dollars) (dollars) (dollars) 32 2 28 3 24 4 20 5 16 6 12 b. Suppose the cost to rent a truck is $1,600. How many trucks will be rented in the price ofa solar panel is $50? trucks How many trucks will be rented in the price ofa solar panel is $100? trucks c. Suppose the cost to rent a truck is $2,400. How many trucks will be rented in the price ofa solar panel is $100? trucks How many trucks will be rented in the price ofa solar panel is $150? trucks

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