Question: Quick and easy 4 question as per guide lines! Anything helps thank you! 3. * 2 Suppose that a representative firm's production function is given

Quick and easy 4 question as per guide lines! Anything helps thank you!

Quick and easy 4 question as per guide lines! Anything helps thank

3. * 2 Suppose that a representative firm's production function is given by ZF (K, Nd) = z VKNd, with total factor productivity z = 2 and capital Ko= 1. Nd denotes labor demand. Write the profit maximization problem. 4. KA 3 Write the production possibility fron- tier as a function of l, i.e., write C = some function of I. 5. AXA 5 If the consumer does not work, there is no output produced. Does this mean that (C, 1) = (0, h) is feasible in this economy? Explain. 6.* 2 Write a social planner's

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