Initially, workers receive a monthly wage of $1,000. Now assume the government implements Policy A. Poficy A requires all Use the supply \& demand graph above to find the impact of Poligy A The S&D curves above represent initial conditions in the labor market. Initially, workers receive a monthly wage of $1,000. -Now assume the government implements Policy A. Plicy A requirest all firms to provide meals to workers. Workers place $200 of value on these meals \& the meals cost firms $500 per worker to provide. Shift the supply and demand curves appropriately to find the following: a. New market wage=Pmkt=? b. Pd (the actual cost firms incur to employ a worker)=? c. Ps (actual payment wrkers receive, lie money wage plus dollar value of benefits)=? d. How much better off/worse off are firms? e. How much better off/worse off are workers? f. Policy B: Firms no longer provide meals. Rather there is a $300 monthly tax on each worker. Do workers fare worse under Policy B? (What would most people say?). Initially, workers receive a monthly wage of $1,000. Now assume the government implements Policy A. Poficy A requires all Use the supply \& demand graph above to find the impact of Poligy A The S&D curves above represent initial conditions in the labor market. Initially, workers receive a monthly wage of $1,000. -Now assume the government implements Policy A. Plicy A requirest all firms to provide meals to workers. Workers place $200 of value on these meals \& the meals cost firms $500 per worker to provide. Shift the supply and demand curves appropriately to find the following: a. New market wage=Pmkt=? b. Pd (the actual cost firms incur to employ a worker)=? c. Ps (actual payment wrkers receive, lie money wage plus dollar value of benefits)=? d. How much better off/worse off are firms? e. How much better off/worse off are workers? f. Policy B: Firms no longer provide meals. Rather there is a $300 monthly tax on each worker. Do workers fare worse under Policy B? (What would most people say?)