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The inverse labour demand curve of a monopsonist employer is W: 40,500 118L, where Wis the annual salary and L is the number of workers hired. The labor supply is given by W: 10,300 + 95L. (a) The marginal expenditure equation is ME= a . Do n_ot include a comma in your answer. Please use capital letters (e.g. L not I) (b) To the nearest integer, the monopsonist would hire Number workers and, given that number of workers, the salary they would pay is, rounded to 2 decimal places (e.g. 4.12) Number . Do n_ot include a comma in your answer. Afirm sells bagels for 0.48 each. With 6 workers the firm produces 54 dozen per hour, and with 7 workers it produces 62 dozen per hour. (a) To within two decimal places, the marginal revenue product of labor is 2 . (b) Assume an 8-hour shill per worker and the labour market is perfectly competitive. To within two decimal places, the market hourly wage rate is E