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I only need E and F answered based on the following question: Consider a rm who is the only employer in a small town {a

I only need E and F answered based on the following question:

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Consider a rm who is the only employer in a small town {a labour monopsony). It faces an international price p 2:- {l for each unit of output that it produces, its production function is g = I.\" where a 2::- l], and the labour supply is given by w{L) = A * L where A 3::- . Intuitively, the rm's production function is concave {when tr s: 1), linear (when t: = 1}, or convex [when a '3: 1]. a) Find the monopsonist marginal revenue product, and its marginal expenditure on labour. b) Find the optimal number of workers that the rm hires. c) Find the Equilibrium wage in this monopsony. d) Assume now that the labour market was perfectly competitive. Find the optiinal number of workers the rm hires, and the equilibrium wage in this setting. c} Find the deadweight loss of the monopsony {for now let's assume rt :2 1}. f) Evaluate your results in parts [a}-(e} at [I = E, at t: = 1. and or = 2 with parameter values A = 11 and p = $2. How are your results affected as tr increases {that is, as the fn'rn's production function becomes more convex]

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