Problem 3 (10 points) Please discuss the following statements concisely. Use the materials from class to provide arguments to support and [or refute the statements. Please note that some parts of the statements may be correct and others not. Draw a picture/diagram if that helps to make your point. 1. The RosenRobeck model says a high amenity city will have high wages and high rents, since only the rich could afford to live there. 2. In the RosenRoback model of spatial equilibrium, if New York has higher total factor productivity than Boston, then a rm locating in New York instead of Boston will have to pay higher wages but will be compensated by paying lower rents