Given the diagram above which describes a binding minimum wage,

1. Calculate the consumer surplus attained by the hiring firms after the minimum wage is in place. Write the dollar value of your answer in answer slot #21.

2. Calculate the producer surplus attained by the productive workers after the minimum wage is in place. Write the dollar value of your answer in answer slot #22.

3. Calculate the Potential Loss from Job Search after the minimum wage is in place. Write the dollar value of your answer in answer slot #23.

4. Calculate the Deadweight Loss due to the minimum wage. Write the dollar value of your answer in answer slot #24.

5. Calculate the change in consumer surplus due to the minimum wage if the original equilibrium occurred at a wage of $10 and quantity of labour of 100,000 hours per month. Write the dollar value of your answer in answer slot #25.