Please help me solve the problem below.......................

Suppose a worker's skill is captured by his efficiency units of labor 5. The distribution of efficiency units in the population is distributed such that worker I has one unit, worker 2 has two and so on. There are 100 workers in the pOpulation. When deciding whether or not to obtain a certain diploma, worker compares her potential wage with the diploma (104(3)) minus the cost it takes to acquire the diploma (c(s)) to her potential wage without it. (For simplicity, assume that the diploma can be acquired instantaneously, i.e. you do not have to discount any of the above values.) The two skillearnings relationships and the skillicost relationship are given by wd(s) = 100 + 0.55 wn(s) = 80 + 0.58 0(3) 2 25 0.13 (a) What is the effect of having the diploma on wages? (5 points) (b) For what values of s will a worker acquire the diploma? (Assume that in the case of indifference, the worker does get the diploma.) (5 points) (c) What is the average wage among those who get the diploma? How about those who do not? (5 points) (d) If you were to estimate the effect of having the diploma on wages as the difference between the two means (in absolute value), would you underestimate or overestimate the true value? Is this consistent with the theory? Why or why not? (5 points)