Question 5 0/12pts Suppose a competitive rm can sell its output for $9 per unit. The following table gives the rm's short run production function....

PLEASE SHOW THE WORK AND FORMULAS THAT YOU USE TO GET THE ANSWERS.

Question 5 0/12pts Suppose a competitive ﬁrm can sell its output for $9 per unit. The following table gives the ﬁrm’sshort run production function. Labor Output0 0 l 8 2 20 3 3 5 4 44 5 5 1 6 54 In the table below, you will determine several points on the ﬁrm’s demand curve for labor. To do this,you must determine how many workers the ﬁrm should hire for different values of the wage rate inorder to maximize profit. Complete the table below: Wage Rateper Worker Quantity Demanded of Workers $25 $60 $75 NH $90