Please give some detailed explaination

QUESTION 7 Consider a rm that sells its output in a perfectly competitive product market, and hires labour in a perfectly competitive labour market. The marginal revenue product of labour (in dollars) is given by: MRPL=3U2L (a) Assuming that the firm is a prot maximize and can hire labour at $W per unit, derive its labour demand function. (h) Given that there are 10 identical firms (like that described in a) in the industry. derive the market labour demand function. If the sopply function of labour to this market is given by: L3 = 10W, solve for the equilibrium wage and level of employment in this market. (c) In an effort to stimulate employment in this industry. the government offers firms a subsidy of $3 per unit of labour hired. Analyze the effects of the subsidy on the level of employment and the workers' wages. d} The government's opposition parties accuse the government of catering to "corporate welfare bums" with the wage subsidyfhandout. They suggest that the money would be better spent by putting the money directly into the hands of workers. They propose that the government should directly give workers and additional $3 for each unit of labour worked. Evaluate the argument put forward by the opposition parties by comparing workers' employment and income {wages plus government bonus} to the scheme in part (c)