Please answer the following questions

Consider the following figure: * 10 W 9 If all firms are identical and perfectly competitive, what does the market envelope 8 curve look like? Answer: 1=0 cn U = 30 It = 100 U = 20 Submit Answer No U = 10 2 3 4 5 6 7 8 9 10 * S Suppose in addition to perfect competition and identical firms, workers all have identical risk- aversion. What level of safety and wage will be offered? At this level, the market rate of Why is it likely that the isoprofit schedule compensation for decreasing safety is between wages and safety would typically have a bowed-out shape? Why are profit levels lower Answer: for points farther from the origin? Answer: Submit