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07 Question (2 points) See page 374 Consider a firm that creates websites. The firm uses two inputs, programmers (x] ) and laptops (x2). The firm's production function is y= x/4x1/4 The market for creating websites is competitive and so are the markets for programmers and for laptops. 1st attempt Part 1 (1 point) See Hint Let P stand for the price of the product that the firm produces. Also, let wj and wy stand for the wage for programmers and the cost of laptops, respectively. Suppose the firm has already committed to purchasing some amount of laptops (input x2) and that quantity cannot be varied at the time because of delays in shipping of laptops. That is, the firm is operating in the short run, with some amount of laptops (call it x2). Which of the following equations corresponds to the firm's demand function for programmers? Choose one: O A x* = 4- O B. x* = 1/4 P x 14 \\-W/3 O C. x* = 1/4 P & IM W/3 O D. xi = (1/4 P & IM4 43 Part 2 (1 point) See Hint The number of programmers (the quantity of input x1 ) the firm demands will be to a change in P