Ang ! First we have to calculate value of marginal produ- clivity of labowl ( VMPL ) using : VMP, = MP X Price Now since police of both goods equal to 1 VMP = MPL So , wee have to draw just given data on graph .\fUse your graph to answer questions b c. Write your answers in the table at the end of the problem. b. What is the equilibrium wage rate? How much labor will be hired by the food industry and how much by the cloth industry? c. What is the amount of income earned by landowners? What is the amount of income earned. by capital owners? (Hint: remember that the area underneath the marginal product of labor curve is equal to output.)