How do we determine real wages in the labour market, Microeconomics

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How do we determine real wages in the labour market

Problem: Given a firm's hourly marginal product of labour MFPN = A(350 - N ):

(a) How do we determine real wages in the labour market? You will need to explain the relationship between the MPN function and the labour demand function.

(b) Suppose we have that A = 0.3 and the real wage is fixed at $15/hour. How many workers do you expect the firm to employ?

(c) Suppose the government decides to fix the real wage at $15. What impact would this government decision have on the economy if the equilibrium real wage is less than $15?

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