Part I. Short questions. For each question, provide both answer and explanation. 1. (5 points) Consider the graph below: Wage rate $15 12 6 10 30 148 Hours of 45 labor/week How much will the employer have to pay per hour to get this worker to work 48 hours per week? 2. (5 points) True or false. Masha and Misha are both attorneys at a law firm. Misha's salary is higher than Masha's, which proves that there is sex discrimination at this firm. 3. (5 points) Consider the graph below: Labor Market S A Typical Employer S' = MRC' S = MRC 2 d = MRP 600 720 800 - Labor/t Labor/t 10 12 If a union raises the market wage to $4, what would be total employment by the firm (in the right-hand panel)? What is the reduction in labor for the whole market? 4. (5 points) Goods X and Y are complementary goods. The price of Good X decreases. What probably happens to the wages of workers in the Y industry