hello, please solve question 4 based on question 3. Question 3 is 1/2.

QUESTION 3 Assume that output in the economy is given by a production function that implies the following MPL =1/2- 1 Further assume that in the economy L = 1000 and K = 1000. Then the equilibrium wage is given by O a. 1/2 b. 1/3 C. 1/4 d. 1/5 e. None of the aboveQUESTION 4 Consider the economy from problem 3. Assume that the government introduces new legislation that sets the minimum real wage equal to 1. After the introduction of the minimum wage, the unemployment rate in the economy is a. 10% b. 20% C. 30% d. 40% C e. None of the above