A firm's markup u per unit of output is given by u = ((p - w)/)/p where p is the price of the output good, w is the nominal wage per hour, and A is the average productivity of labour (the number of output units per hour). The markup u is determined from the elasticity of the demand curve the firm faces: u = 1/elasticity. Which of the following statements is correct? Select one: O a. None of the listed answers is correct. O b. The real output per worker ()) is split into the firm's share Au and the worker's share w/p. O c. The real wage is given by w/p = M - AM. O d. A higher elasticity leads to a lower real wage. O e. Aw - p is the nominal profit per hour per worker