Assume a consulting firm hires you to work as a research assistant in the summer of 2022. You will be tasked to produce two types of economic research empirical studies using cutting-edge econometric techniques. The price of these studies that the company charges to its clients is $2,000. In one month, you can produce 2 empirical analyses.

c) What should be your monthly real wage? What is the unit of measurement of your real wage? d) Assume that the consulting firm is extremely stratified with your services and re-hires you in 2023. As you have gained experience and brilliantly passed ECON 371, you are now able to complete 3 empirical studies in a month. What should be your monthly nominal wage? What should be your monthly real wage?