Suppose the market supply is given by L=2.1w. Assume the product market is competitive and the product price is p=$9. Also suppose MPL=8.8-0.7L and that the firm has monopsony power. A. (Notes upload) Graph the marginal revenue product of labour. The slope of this curve is equal to Blank 1. Calculate the answer by read surrounding text. . The vertical intercept of this curve is equal to Blank 2. Calculate the answer by read surrounding text. . Write the formula for the inverse supply of labour and graph the supply curve. The slope of this supply curve is Blank 3. Calculate the answer by read surrounding text. . B. For this firm, the fully simplified formula for marginal cost is MCL = __ L (Enter the value which completes the formula. Do not enter the variable, it has been given) Blank 4. Calculate the answer by read surrounding text. (Notes upload) Illustrate this market graphically, including accurate numbers for slopes and intercepts. Write the condition which the monopsonist's optimal choice of labour must satisfy. This monopsonist will choose employment level Blank 5. Calculate the answer by read surrounding text. . At this employment level, the firm will offer the wage