Question 12(Multiple Choice Worth 3 points) (05.01 MC) Use the graph to answer the question that follows. LIGLLLLLL Marginal Product Labor Based on the chart above, if the product sells at a price of $2 per unit, what is the marginal revenue product of the second unit of labor? $20 O $30 O $60 O $100 O IndeterminateQuestion 11(Multiple Choice Worth 3 points) (05.02 HC) Assume that there is an increase in the labor productivity of workers in a country due to new training techniques and a simultaneous decrease in the country's labor force from immigration. What happens to the country's market equilibrium quantity of labor and wage rate? The quantity of labor increases, and the wage rate increases. O The quantity of labor decreases, and the wage rate increases. O The quantity of labor and the wage rate both remain constant. O The effect on the quantity of labor is indeterminate, and the wage rate increases. O The quantity of labor increases, and the effect on the wage rate is indeterminate.Question 10(Multiple Choice Worth 3 points) (05.04 MC) The graph below represents the labor supply curve of a monopsonistic firm. MFCL WS Wage Rate ($) Labor supply W4 W3 W2 WI MRPL 02 Quantity (labor) If the firm above hired labor at the quantity Q2, what wage rate would it pay? Ow1 O W2 O W3 O W4 O W5Question 9(Multiple Choice Worth 3 points) (05.03 HC) Use the data in the tables to answer the question that follows. Market Firm Price of Output Quantity Supplied of Output| Quantity Demanded of Output Quantity of Labor Total Product 55 25,000 60,000 $10 50,000 50,000 15 105 $15 75,000 40.000 30 190 $20 100,000 30,000 45 265 $25 125,000 20,000 60 325 What is the marginal revenue product of the 45th unit of labor, assuming this market is perfectly competitive in both the factor and output markets? O $30 O $50 O $63 O $75 O $2,650