1) Consider a labour market, where there are high ability and low ability workers. A high ability worker is worth 120,000 to the firm, whereas a low ability worker is worth 60,000 to the firm (you can think of the values as yearly productivity of the worker). a) If a high ability worker values her time 100,000 and a low ability worker values her time 40,000 (we can think of these as opportunity cost of working at a specific firm for these workers); could both type of workers find a job if the ability of each worker was common knowledge? What would be the wages