Your firm has determined they use the following production function: q = E°K Assume the current wage rate (w) is $400, the rental rate of capital (r) is $100, and your selling price is $10. (a) If capital is fixed at 5 units, what is your optimal number of employees? (b) What is your profit at this production level? (c) Now, assume you are in the long-run and have signed a contract to produce 250,000 units. How much capital and labor will you use now? Round to the nearest whole number. (d) What is your profit at this production level?

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