Question: See the table below, and answer each of the questions. (60pts/12pts each)

a. If the market represented in exhibit above is allowed to operate freely, total employment in the market will be ________________.

b. If a union raises the wage to $4, total employment in the market will be ______.

c. The approximate total surplus of labor after the union wage is ______________.

d. If the market is allowed to operate freely, total employment by the typical employer (illustrated in the right-hand panel) will be _______________.

e. If a union raises the market wage to $4, total employment by the firm (in the right-hand panel) will be ______________.