1. How does a change in wage rate affect the quantity of labor demanded in the long run? 2. With an aid of an appropriate graphs, briefly discuss the minimum wage with respect to the covered and uncovered sectors in the labor market. 3. Given the marginal productivity of Labor (MPL) as 30 -0.1L , the price of the commodity(slipper) is $25.00 and the daily wage paid workers is $85.00, determine the amount of labor to be hired by an employer and graph your result. 4. Briefly explain with a help of diagrams, the demand curve for labor in the short and long runs. 5. What does schooling signal that employer might value? Briefly discuss the correlation between education and earnings? 6. Under the theory of compensating wage differentials, outline and succinctly discuss the underlying assumptions of this model. 7. In the context of the human capital theory, list and explain four (4) gender differences in the labor market as it relates to wage differentials. 8. Write short notes on the followings as it relates to the course: a) Monopsony & Monopoly. b) Marginal revenue product of labor (MRPL) & Marginal Expense of Labor (MEL), C) Cross -Price effects on labor demand d). Pecuniary Benefits &Nonpecuniary Benefits. e) General training &Specific training. 9. Given production as a function of labor employment Q = 20L - 0.05L square, Workers are paid a daily wage of $80 and the shoes is sold wholesale for P=$ 25 a) Find the MPL b) Determine the optimal employment c) what would the demand for Labor be? 10. With referring to post-school investments in human capital: who pays the cost associated with training on the job, and who reap the benefits: the employer or employee? Discuss with example. 11. What are the sources of imperfect competition in the Labor Market? 12. What factors determine the elasticity of labor demand? Based on the two effects. 13. How can a firm determine how many workers to hire? 14. Discuss as an individual how joint labor supply decisions are made in households, according to labor economic. 15. Briefly discuss the sectoral pattern of unemployment in the following sectors: agricultural, industrial and the service sector. 16. With an aid of appropriate graphs, briefly discuss the shift in labor demand and the change in quantity demanded for labor, indicate the factors responsible for each. 17. With the help of appropriate graph(s), briefly discuss the equilibrium conditions in the labor market assuming there is no government's intervention. 18. What is the difference between Positive and Normative Economics? 19. Distinguish between Labor Supply and Labor demand Curves 20. Discuss the factors that lead to market failure