i only need parts c-g. thank you.

In the labor market, employers demand hours of work and workers supply hours of work. You are given the following data about the labor market Demand and Supply curves. Table 1 Number of hours of work Dollars Number of hours of work Dollars (1) (2) (1) (3) 0 5 0 35 5 10 5 30 10 15 10 25 15 20 15 20 20 25 20 15 25 30 25 10 30 35 30 0 Answer the following questions. Justify your answer using the concepts of chapter 2 of the lecture notes. a) Plot the demand curve and supply curve of labour in a diagram. (you need not submit the diagram) Which data columns of Table 1 have you used to plot the demand curve and why? Which data columns have you used to plot the supply curve and why? Justify your answer using the concepts of chapter 2 of the lecture notes. b) Suppose that the market wage (price of an hour of work) happens to be $15. 1) Is this the equilibrium wage? If not, will the wage, the quantity demanded, and the quantity supplied remain unchanged and why? Wir not, how would the wage, the quantity demanded, and the quantity supplied change? Would they increase or decrease? HI) If they change, who will change the wage? iv) If you answer to question bil) is no, what is the equilibrium wage and quantity demanded and supplied of labor? Cartago Research and Development, 24/2021 1022 AM c) Recall that the surface of a triangle = (Base * Height) /2). Calculate i) the maximum total net social benefit at the equilibrium. ii) Calculate the maximum total profit or total benefit of the employers at the equilibrium iii) Calculate the producer's surplus (= workers' surplus) at the equilibrium wage at the equilibrium iv) How much is the difference between the marginal social benefit and the marginal social cost at the equilibrium? d) How does the market divide the maximum total net social benefit between employers and workers? Is there any net social benefit left unclaimed? e) Suppose that the government imposes a minimum wage of $25 per hour but the government cannot force employers to employ more than the number of workers consistent with their demand curve. i) Is this minimum wage consistent with an efficient allocation of resources? ii) How much is the difference if any between the marginal social benefit and the marginal social cost at the minimum wage? Which one is greater? f) Calculate the maximum total net social benefit corresponding to the minimum wage g) Compare the total net social benefit before and after the imposition of the nominal wage. Who loses and who gains from the imposition of the minimum wage? In the labor market, employers demand hours of work and workers supply hours of work. You are given the following data about the labor market Demand and Supply curves. Table 1 Number of hours of work Dollars Number of hours of work Dollars (1) (2) (1) (3) 0 5 0 35 5 10 5 30 10 15 10 25 15 20 15 20 20 25 20 15 25 30 25 10 30 35 30 0 Answer the following questions. Justify your answer using the concepts of chapter 2 of the lecture notes. a) Plot the demand curve and supply curve of labour in a diagram. (you need not submit the diagram) Which data columns of Table 1 have you used to plot the demand curve and why? Which data columns have you used to plot the supply curve and why? Justify your answer using the concepts of chapter 2 of the lecture notes. b) Suppose that the market wage (price of an hour of work) happens to be $15. 1) Is this the equilibrium wage? If not, will the wage, the quantity demanded, and the quantity supplied remain unchanged and why? Wir not, how would the wage, the quantity demanded, and the quantity supplied change? Would they increase or decrease? HI) If they change, who will change the wage? iv) If you answer to question bil) is no, what is the equilibrium wage and quantity demanded and supplied of labor? Cartago Research and Development, 24/2021 1022 AM c) Recall that the surface of a triangle = (Base * Height) /2). Calculate i) the maximum total net social benefit at the equilibrium. ii) Calculate the maximum total profit or total benefit of the employers at the equilibrium iii) Calculate the producer's surplus (= workers' surplus) at the equilibrium wage at the equilibrium iv) How much is the difference between the marginal social benefit and the marginal social cost at the equilibrium? d) How does the market divide the maximum total net social benefit between employers and workers? Is there any net social benefit left unclaimed? e) Suppose that the government imposes a minimum wage of $25 per hour but the government cannot force employers to employ more than the number of workers consistent with their demand curve. i) Is this minimum wage consistent with an efficient allocation of resources? ii) How much is the difference if any between the marginal social benefit and the marginal social cost at the minimum wage? Which one is greater? f) Calculate the maximum total net social benefit corresponding to the minimum wage g) Compare the total net social benefit before and after the imposition of the nominal wage. Who loses and who gains from the imposition of the minimum wage