9.(2 points) When comparing Scenario A to Scenario B, the firm now produces _____ output.
Table for Individual Question FeedbackPoints Earned:2.0/2.0
10.(2 points) When comparing Scenario A to Scenario B, the firm now earns _______ profit.
Table for Individual Question FeedbackPoints Earned:2.0/2.0Correct Answer(s):A11.SCENARIO C- We return to the original conditions (from scenario A) and now we let wages change. In particular, an increase in labor supply lowers the wagethat the firm needs to pay to $130.For question 11. Fill in Table C- Each box is worth ½ point for a total of 6 points for Table CTABLE C- The wage has changed to $130 but the price of output (Q) is back at its original valueof $20.LQMPLMRPMarginal ProfitTotal Profit00----------------------0188$160$$22012$240$$3288$160$$4357$140$$