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Problem 8. The figure shows the relationship between the number of mechanics hired and thenumber of

Problem 8. The figure shows the relationship between the number of mechanics hired and thenumber of car repairs performed per day at a car-repair shop. a. The economic relationship depicted on the graph is called?b. What is the marginal product of the third mechanic?c. If the shop charges $150 per repair, then what is the value of the marginal product of thesecond mechanic?d. If the shop charges $150 per repair and pays each of its mechanics a wage of $700 perday, then what is the marginal profit of the second mechanic?e. Suppose the shop charges $125 per repair. Over what interval of wages, W, would theshop maximize its profit by hiring exactly 4 mechanics? (Determine W1 and W2 such that W1

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