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3- Acme Bat Company produces baseball bats (2) using labor (E) and lathes (K) according to the production function 2 = 10 . In(K) +

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3- Acme Bat Company produces baseball bats (2) using labor (E) and lathes (K) according to the production function 2 = 10 . In(K) + 1000 . In(E) . If the rental rate for a lathe is Sjoo and the wage rate for labor is $10.00, solve for the firms labor demand when the price of bats is SI

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