Question: 2. (12 points) The production function for a firm is given by Q = 311/3, where q denotes finished output and L denotes hours of

2. (12 points) The production function for a firm is given by Q = 311/3, where q denotes finished output and L denotes hours of labor input. The firm is a price-taker both for the final product (which sell for P) and for workers (which can be hired at a wage rate w per hour). (a) (6 points) What is this firm's demand for unconditional labor function [L(P,w)]? (b) (6 points) What is the profit function for this firm

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