Question: Hello, I would like the answer to this question please. Question III Suppose that Cookie Monster's production function is given by Y = = F(K,

Hello, I would like the answer to this question please.

Hello, I would like the answer to this question please. Question III

Question III Suppose that Cookie Monster's production function is given by Y = = F(K, NG) = =VKNd, with z = 16 and K = Suppose also that w = 1. 1. Write his profit maximization problem, find optimal labor demand Ad* and compute the maximum profit **. 2. Suppose that Cookie Monster's utility function is given by u(C, I) = C +4v21 + 3, Given the w and * found in the previous question, h = 16, and G = T = 2, write his utility maximization problem and find his optimal consumption bundle. 3. Would the labor market clear with thelabor demand and supply found in the first two ques- tions. If not, is labor overpriced or underpriced? In which direction does the labor market push w? 4. Compute the equilibrium

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