Question: I need some help with this question: Suppose that the wage of skilled labour equals 3E.I and the wage of unskilled labour equals 2D. The

I need some help with this question:

I need some help with this question: Suppose that the wage of

Suppose that the wage of skilled labour equals 3E.I and the wage of unskilled labour equals 2D. The total labour force is 35. In additiony the number of unskilled workers who are employed is twice as large as the number of skilled workers who are employed. The markets for skilled labour and unskilled labour are dened as in the lecture notes. al {1 Fatal alculate the opportunity oost of skill acquisition as a function of the probability of nding a job in the skilled sector. b} [1 Fatal Briey describe the nature of the trade-off faced by an unskilled worker. c1 {4 pts.',l alculate the number of employed workers in the skilled sector if unskilled workers are paid just enough to to rego skill acquisition. Show ALL steps. d] [1 Fatal Briey explain why neither of the two labour markets is in equilibrium ifthe probability offinding a job in the skilled sector is El] 95. e] {4 tat-5.] Briey discuss the validity of the statement: "New jo bs in the skilled sector increase unemployment in the skilled sector if the probability of nding a job in the skilled sector is BI] 96.&quot

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