Question: QUESTION 1 100 points For the production function Q = KO'GLO'1 and the budget 112 = 6K + 5L find the NEW LEVEL in the

QUESTION 1 100 points For the production function Q = KO'GLO'1 and the budget 112 = 6K + 5L find the NEW LEVEL in the optimal employment of L after wages change by a factor of 1.6 while maintaining the same level of output. Please enter your response as a positive number with 1 decimal and 5/4 rounding (e.g. 1.15 = 1.2, 1.14 = 1.1). l

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