For this question only, X = C+B and Y = A- 4. Musai Tech is a watch manufacturer operating in a perfectly competitive industry and its production function is given by q = (K*L), where q is the output of laptops per week and L is labor hours per week. In the short run, K is fixed at X. i) If capital rents for $Y and wages are $5 per hour, how many laptops will the firm produce at a price of $Y per watch and how many labor hours will be hired per week? ii) Suppose that, during recessions, the price of watches falls by $3.50. With this price, how much would the firm choose to produce, and how many labor hours would be hired? Whereby A=19 , B=745 , C=5 , D=53