1. A firm produces Q = f(L) units of a commodity using L units of labour. Assume f'(L) > 0 and (L) <0 (so

1. A firm produces Q = f(L) units of a commodity using L units of labour. Assume f'(L) > 0 and "(L) 0. b.Let (L) L. Find an explicit expression for L as a function of p and w.Also find the partial derivatives of L with respect to p and w and verify the signs obtained are as expected. (10 marks)