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1. Given that the current wage is $110 and the price of output (Q) is equal to $3.00, complete the table on your exam sheet.Fill in the following table.LQMPLMRP Marginal ProfitTotal Profit00
-01402903130416051806190
NOTE: You will be adding a Point B to this diagram later in this part of the exam.
NOTE: You will be adding a point B to this diagram later in this part of the exam.
NOTE: You will not need to submit this table, but it will help you answer the following THREE questions.Exam 1 Table 2L Q MPL MRP Marginal Profit Total Profit0 0 -- -- -- 01 2 3 4 5 6
NOTE: Be sure to label everything completely. Use colors if possible.
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