QUESTIONS: 1. If b = t = 0, what is the equilibrium wage rate W and labor's full hourly compensation W(1+b)? 2. If b = t = .1, what is the equilibrium wage rate W and labor's full hourly compensation W(1+b)? 3. If b = t = .25, what is the equilibrium wage rate W and labor's full hourly compensation W(1+b)? 4. How much does labor's full hourly compensation W(1+b) change as b and t rise together from 0 to .25? 5. Where is the incidence of the employer-provided benetswith the firm or with the worker? 6. Who pays employee benets and how? 7. If b = .35 and t = .25 what is the equilibrium W(1+t) and W(1+b)? 8. What is a possible way that this might happen? That is, what sorts of real world scenarios might result in the benefits being received by the workers being valued in excess of their cost to the rm? 9. If b = .25 and t = .35 what is the equilibrium W(1+t) and W(1+b)