2. The residents of Seltzer Springs consume bottles of mineral water acoording to the demand function g = llpr where q- is the number of bottles of mineral water that they are willing to buy per year if the price per bottle is p. Perry Air is the only supplier of mineral water in the area and behaves as a profit-maximizing monopolist. In order to produce mineral water bottles+ Perry Air must hire workers. Its production function is E; = 2A2 where q is the number of bottles produced and N is the number of workers hired. Since there are a lot of other employers in Seltzer Springs1 Perry Air must hire workers in a competitive labour market. where the wage per unit of labour (ire. per worker] is set at in. {a} Solve for the number of workers hired by Perry Air1 as a function of the wage to. {b} If n: = 32f}. how many workers will Perry Air hire? How many bottles of mineral water will it produce'.' {c} At what price will Perry Air sell each bottle of mineral water? How much prot will the company make? {:21} Suppose that the market wage in Seltzer Springs increases to w = $23. How does this affect Perry Airls decisions