Question: I cannot figure out these question that go together. Some assistance would be very helpful! Question 2 1 pts Consider a perfectly competitive economy with

I cannot figure out these question that go together. Some assistance would be very helpful!

Question 2 1 pts Consider a perfectly competitive economy with a production function Y = AKIBLZB. There are 8 workers who produce cream cheese (a numraire good) with 27 units of capital. If the productivity parameter is equal to 4, the economy produces ______ units of cream cheese. E Question 3 1 pts Under conditions of perfect competition where everyone is a price-taker, total payments to capital (i.e. rK ) equal ______ units of cream cheese. S

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