Q1. The government of New Holland is experiencing lower energy costs due to new technology in extracting energy sources such as gas and oil. Use the supply and demand model (and a diagram) of the labor market to explain the effect on labor demand and supply and the levels of employment and unemployment, and the real wage.

Q2. Eastman Kodak filed for a bankruptcy in January 2012. Using our analytical framework of nine areas of interest introduced in class explain the main causes of the company's misfortunes

Q3. Assume that the last worker hired of type A serves 100 additional customers per week at a wage of $500 per week and the last worker hired of type B serves 200 additional customers per week at a wage of $1000 per week. Assuming that the company is currently spending its entire budget for labor, should the company alter its current allocation of labor types? If so, how? If not, why?