Essay
(Table: Framing Shop Production Function) Shaheer runs a framing shop that makes custom picture frames for his customers.The table Framing Shop Production Function shows the daily production function for his framing shop.He can hire a worker at a daily competitive wage of $70, and he sells a custom frame at a competitive price of $10.a) Complete the table by calculating the value of the marginal product of labor (VMPL) for each worker.b) How many workers should Shaheer hire to maximize his profit?
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