Chapter: Market /Model(s): . Label axis variables 10 . Identify curves Co - for one isoprofit curve 8 and one indifference curve draw an arrow to indicate direction of preference A . Circle the Monopoly Union contract outcome, label it Is - shade in all contracts the union prefers over In. - shade in all contracts the 2 3 4 5 6 8 9 10 firm prefers over In Why are these mutually preferred contracts not reached in the Monopoly Union scenario? Special Notes: (Record tips/reminders for yourself about this model or related calculations.)11 . Label axes . Identify curves and preferred directions . Highlight all Right-to-Manage contract outcomes which are possible if 7=0 at (L, W)=(4, 8) and Wa=2 - label arrows on the contract curve in the union's and firm's preferred directions O 2 3 4 5 6 7 8 9 10 How do the possible outcomes change if 7=0 at (L, W)=(1, 5) and Wa=0, and why?1 . Label axes . Identify curves and preferred directions . Circle Efficient Bargaining outcomes . Highlight a line to estimate the Contract Curve - label arrows on the contract curve in the union's and firm's 0 1 2 3 4 5 6 7 8 9 10 preferred directions