Problem 7.Consider the following daily production data for cupcake , Inc. cupcake sells cupcakes for$2 each and pays the workers a wage of $325 per day. LaborQuantity(number (cupcakesof work- per day) MarginalProduct ofLabor(cupcakesper day) Value ofthe Marginal Product of La- Wage(per Marginal a. Complete the table and briefly discuss.b. Suppose that the firm suffers a loss of some of their technology such as the theft of theirindustrial mixers. After the theft, cupcake employees produce fewer cupcakes than theycould before because they must mix the cupcake batter by hand rather than using the highspeed mixers. Because of this change, how does this affect the firms demand or supply andwhy?
Consider the following daily production data for cupcake
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