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Problem 5 Assume that there are two types of workers in a labour market with Utility Function given by: Ux(ws) = w's and Uy(w,s) = ws' There is only one type of firms with isoprofit curve given by: at1 (w.s) = (w /. 800?) + (s' / 4003) -1 =0. a) Calculate the optimal amount of wages and safety that the firm and the workers will negotiate. b) Make a detailed diagram of the solution. c) In simple words, briefly explain the theory of compensating wage differentials