TTAT In the food sector, the marginal product of labor is independent of em price of a unit of food is $8, and the world price of a unit of manufact show all work and briefly explain your answer. a. Suppose there were no distortion in the labor market; find (i) the w between manufactures and food, (iii) the output of each good, and (iv this economy. b. Now, suppose that for some reason the minimum wage in the manu employment, however, is maintained. Find (i) the allocation of labor the output of each good, and (iii) the total dollar value of output in thi (iv) How large is the cost of the distortion in terms of the dollar value