include correctly labeled diagrams, if useful or required, in explaining your answers. A correctly labeled diagram must have all axes and curves clearly labeled and must show directional changes. If the question prompts you to Calculate," you must show how you arrived at your final answer. Wage W W W 12' W S MFC D = MRP Q2 Q3 Q Q5 Quantity of Labor Wanda's Whole Foods sells nutrition supplements in a perfectly competitive product market. However, Wanda's Whole Foods is the only employer of labor in the small community where it is located. The labor market is depicted by the graph above. (a) Using the labels from the graph above, identify each of the following. (i) The optimal quantity of labor Wanda's Whole Foods will hire (11) The wage rate Wanda's Whole Foods will pay (b) Using the labels from the graph above, identify the number of workers Wanda's Whole Foods would hire if the labor market were perfectly competitive. (c) Because of growing demand in the health and wellness market, the price of nutrition supplements increases. What will happen to each of the following? (i) Wanda's Whole Foods demand for labor. Explain. (in) The supply of labor 1