1.) As a result of the pandemic, the demand for products purchased from Amazon rose. At the same time, workers’ costs ro

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1.) As a result of the pandemic, the demand for productspurchased from Amazon rose. At the same time, workers’ costs roseas they subjected themselves to a potential health hazard byworking outside their homes. Ultimately wages at Amazon rose to atleast $15 per hour.
a. Draw the graphs necessary to model these impacts on the labordemand and labor supply.
b. How can we ascertain whether demand or supply had thestronger impact on the rising wage Amazon paid? Explain.
2.) Suppose Ann owns an ice cream shop in a competitive market.If an additional worker offers marginal productivity of 10 coneswhich can sell for $2 each, what is the highest wage Ann should bewilling to pay that worker? Show your work and explain yourreasoning.