what is the answer to question 2? thank you

Question Completion Status: Imagine a competitive firm which takes the price of it's output p as given. The firm produces output according to the production function - 0.4 04 where K is units of capital and Lis hours of labour. With this production function the marginal products are: 104 MP3 | 0.4 MPK/ -0.4 L0.6 0.6 201 Sets licy Suppose the price of labour initially is w $20 per hour, and the price of capital is $10 per unit. The price of output p is $30 per one. The long run profit-maximizing combination of Land K for this firm are derived in Tutorial 4. Problem 9.c and are equal K*-0.62, L*=0.31, while the firm's profit is equal to $3.11 For the range of wages between 10 and 30 (.e. 10, 14, 18, 22, 26, 30) compute the schedule of the short-run labour demand of this firm while the capital K is fixed at 0.62. Use Excel spreadsheet to help with your calculations. In the answer space below submit the quantity of labour demanded from this schedule corresponding to the wage w=$10. Round decimals in your answer to the nearest hundredth. 0.45 QUESTION 2 5 points Remember that the current wage is $20 per hour of labour. To stimulate employment the government introduces an employment subsidy which compensates employers 20% of their payroll cost, so that with the subsidy an effective price of one hour of labour to the firm is only $16. What will be the new labour demanded by this firm in response to this policy in the short-run? Round decimals in your answer to the nearest hundredth I ampus