180 70 wi 50 140 130 20 MCL 110 100 90 80 70 50 30 20 1O 0 10 2O 30 40 50 60 1'0 80 90 100 110 120 130 140 150 160 1?!) 130 Click to see additional instructions Graph values can be estimated to the nearest 5 units when necessary. A, The equation (in fully simplied form) for the labour supply curve of this firm is L=aw+b where a= and b= . Assuming perfect competition in the product market. the equation for the firm's value marginal product of labour is MRPL= cL + d where d= and C: . The equation for the firm's marginal cost of labour is MCL=eL + fwhere e= and f= . If the rm's marginal product of labour is MPL= 'ZL +360 and the product market is perfectly competitive, then the product price must be $ B. This monopsonist will pay workers the wage WM=$ and hire LM= labour units. The rm earns $ profit from the marginal worker. The firm's surplus area is equal to $ and the workers' surplus area is equal to $ .Thls monopsonist creates vacancies. C. This firm will not hire any workers if the union were to impose a wage of $ or higher. (Notes Upload) For what range of wages will wage-raising increase the employment level? Decrease the employment level? For what range of wages will wage-raising lead to higher employment levels than the monopsony outcome? Which wages would be worse for workers than accepting the monopsony outcome