Question 2 [5 marks] Assume Bruno owns a farm, and Angela is a farmer willing to rent the farm. The feasible frontier for production and Angela's indifference curves (based on a quasilinear utility function) are presented below. 12 MRS - MRT Angela's indifference curves Bushels of grain Z Angela's feasible frontier 12 16 20 22 24 Angela's hours of free time a. Is the Marginal Rate of Transformation (MRT) higher at point D or H? Why? [1 mark] b . Discuss the outcome where Bruno has take-it-or-leave it bargaining power. How much grain do Angela and Bruno get? What determines the equilibrium hours worked? [1 mark] c. Discuss the outcome where Angela has take-it-or-leave it bargaining power. How much grain do Angela and Bruno get? [1 mark] d. Assume Bruno has coercive control over Angela. How will the equilibrium outcome differ from voluntary exchange, and from the outcome if Angelo owns the farm? Draw the outcome of coercive exchange in figure above. [2 marks]