EXHIBIT A: Minimum Wage Wage per unit of labor S1 Wm W Wa D1 L2 L1 L3 Employment per period EXHIBIT B: Monopsony MRP W Wage, marginal revenue product, W 2 marginal factor cost K MRP 0 Lo L2 Lg Quantity of labor per period8. (Exhibit A: The Minimum Wage) If it is thought that wages for some workers are not "sufficient" and a minimum wage is established at Wm, which is a wage , that means that workers will now be hired. A) ceiling; L2 B) floor; L1 C) floor; L2 D) ceiling; L3 9. (Exhibit A: The Minimum Wage) Give a minimum wage of Wm, the loss in employment is and the change in the wage is A) L1-L2; Wm-W1 B) L1-L3; WO-W1 C) L2-L3; WO-Wm D) None of the above are correct.12. (Exhibit B: Monopsony) Given perfect competition in the factor market, the wage would be: A) determined where the MRP