Problems 5.1 Jobs are either noisy or serenely quiet. Quiet jobs pay $ 10 per hour. Mom workers don't like the noise, so they won't work on noisy jobs for $10 pet hour. In particular, for the five workers in this labor market, Anna requires $17 per hour, Bart $14 per hour, Carmen $10 per hour, Davin $15 per hogs and Ellen $11 per hour to work on a noisy job. it's costly for most firms to reduce noise on a job. For the five firms in this labor market, Al's Auto Body won't pay a wage more than $20 ms hour on a noisy job; Bonnie's Bikini Boutique, $10 per hour; Carl's Cabinets, $12 per hour; Debbie's Digital Demos, $14 per hour; and Elton? arl's Custom Entertainment, $16 per hour. Each worker works on only one job, and each firm employs only one worker. To aulev affloned wage TO .000 ($/worker) 600.42 16 14 12 10 8 NAO AH20 .IX 0 1 2 3 4 labor ul nood bed odw and how nu lined (workers/hour) (a) Lightly sketch each worker's reservation wage in the graph. (b) If the wage on the noisy job is $13 per hour, who wants to work on a noisy job? What is the quantity supplied of labor to noisy jobs if Wn = 13? Carefully sketch the supply of labor to noisy jobs. (c) Lightly sketch each firm's reservation wage in the graph. (d) If the wage on the noisy job is $13 per hour, which firms offer noisy jobs? What is the quantity demanded of labor on noisy jobs if wn = 13? Carefully sketch the demand for labor on noisy jobs. (e) What is the equilibrium wage for noisy work? How many people work on noisy jobs in the equilibrium? OI.2 (f) Noise is implicitly traded in this labor market. If government regu- lations require all jobs to be quiet, who suffers