1f. Suppose that the supply curve for the labor to a firm is given by L = X*W and the marginal expense of labor curve is given by MEL = L/ (X/2) where w is the market wage. Suppose also that the firm's demand for labor (marginal revenue product) curve is given by L = Y - X*MRPL Select a value for X between [105-249] and a value for Y between [1234-1777] such that each student should have a unique answer. a. If the firm acts as a monopsonist, how many workers will it hire in order to maximize profits? b. What wage will it pay? c. How will this wage compare to the MRPL at this employment level