The marginal product of labor (measured in units of output) for a certain rm is: MPN = A(100 N), where A measures productivity and N is the number of labor hours used in production. The price of output is $2 per unit. (Round all answers to two decimal places.) If A = 4 and the nominal wage is $60, the quantity of labor demanded will be If A = 4 and the nominal wage is $80, the quantity of labor demanded will be Assume that A is equal to 4. Using the line drawing tool, draw the labor demand curve from 0 to 100 units of labor. Properly label this line. Carefully follow the instructions above, and only draw the required objects. If A = 4, the price of output is $5, and the supply of labor is xed at 85, the equilibrium real wage is , and the equilibrium nominal wage is $|:|. Real Wage, W/P 880 300 720 2 o cob->01 Modem 0000 240 160 80 0 0 10 20 30 40 50 60 70 80 90100110120 Labor,N