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180 170 160 MCL 150 + W 140 130 120 110 100 Ls 90 80 70 60 50 40 30 20 MRPL 10 10 20 30 40 50 60 70 80 90 100 110 120 130 140 150 160In perfect competition workers would be employed and the wage bill would be . G. Draw and circle a point at the monopsony outcome and label it M. H. Draw a bar to show the amount of vacancies created by the monopsonist. Name one wage the union can bargain for which is higher than the monopsony wage and for which the union can achieve higher employment levels than monopsony employment: 3 |:| . I. On the same graph, draw the firm's marginal cost curve for the wage you suggested. Label it M01. Name one wage the union can bargain for which is higher than the competitive wage but which will lead to lower employment than the monopsony outcome: $ |:' . J. On the same graph, draw the firm's marginal cost curve for the wage you suggested (use a different pen/pencil if possible). Label it M02. Suppose the union wants to maximize the wage bill. K. On the second copy provided of this graph, draw union indifference curves which would be consistent with this objective and for which the union's ideal wage (if it could behave as a monopoly union) would be $90. In the monopsony outcome. worker surplus is $ |:| . If the union bargains for a wage of $90, worker surplus will be $ |:|