The figure shows some iso-profit curves for a language school, indicating the different levels of N and w that earn the same amount of profit, and the no-shirking wage curve. Based on this information, read the following statements and select the correct option(s).

At a wage of $710, approximately how many people will apply to/ accept the job? 

Suppose the reservation wage curve becomes flatter. Which of the following have to be true?

Which of the following would increase the no-shirking wage?

The reservation wage curve assumes everyone gets paid the same amount, even if they have different reservation wages. Is that reasonable? What would happen if different workers were paid different amounts?

Which of the following would raise Francoise's reservation option?

True or false: considering only income allocations A and C, the more equal allocation is also more efficient.

Which income allocation is the most equal, according to the Gini coefficient? Enter only the letter label, with no other words, numbers, or symbols.

True or false: point C is efficient.

Suppose Bruno does not work in this environment (i.e. has 24 hours of free time) and IC1 passes through (24, Y) where Y>0. If we take into account the fact that both Angela and Bruno value their own free time, how would this affect the Gini coefficient?