Use the table below to answer the following questions. Q W MFC W @ 15 MFC @ 15 W @ 21 MFC @ 21 D 1 10 $30 2 11 $27 3 12 $24 4 13 $21 5 14 $18 6 15 $15 7 16 $12 8 17 $9 9 18 $6 10 19 $3

a. Fill in the MFC column and draw a graph showing Q, W, MFC, and D.

b. What would wage and employment be in a competitive market?

c. What would wage and employment be in a monopsony market?

d. Assume a minimum wage of $15 is legislated. Fill in W @ 15 and MFC @