Suppose that low-skilled workers employed in clearing woodland can each clear one acre per month if each is equipped with a shovel, a machete, and a chainsaw. clearing one acre brings in $1,400 in revenue. each worker’s equipment costs the worker’s employer $210 per month to rent and each worker toils 40 hours per week for 4 weeks each month. instructions: in part a, enter your answer as a whole number. in parts b-e, round your answers to 2 decimal places. a. what is the marginal revenue product of hiring one low-skilled worker to clear woodland for one month? b. how much revenue per hour does each worker bring in? c. if the minimum wage were $8.70, would the revenue per hour in part b exceed the minimum wage? a. yes b. noif so, by how much per hour? d. consider the employer’s total costs. these include the equipment costs as well as a normal profit of $50 per acre. if the firm pays workers the minimum wage of $8.70 per hour, what will the firm’s economic profit or loss be per acre? the firm's (click to select) (loss profit) per acre will be: e. at what value would the minimum wage have to be set so that the firm would make zero economic profit from employing an additional low-skilled worker to clear woodland?