b. (3 points) Suppose Firm A produces plastic straws (Q) using workers (N) and machines (K) as inputs. Firm A's production function is such that Q=2K21N21. Assume that the price of a unit of plastic straws is $1 and the number of machines is fixed such that K=1. For all of the following sub-questions, assume K=1 always holds and the time horizon is in the short run. Note: If your numerical answer does not divide cleanly into an integer, either express it as simplified fractions or round it to the nearest tenth decimal (Sinplified fractions are preferred but not necessary). c) (1 point) Suppose that the aggregate labor supply curve is N5=10w. Compute the equilibrium market wage and market employment level. How many umits of workers would an individual firm in this industry employ given the equilibrium market wage? b. (3 points) Suppose Firm A produces plastic straws (Q) using workers (N) and machines (K) as inputs. Firm A's production function is such that Q=2K21N21. Assume that the price of a unit of plastic straws is $1 and the number of machines is fixed such that K=1. For all of the following sub-questions, assume K=1 always holds and the time horizon is in the short run. Note: If your numerical answer does not divide cleanly into an integer, either express it as simplified fractions or round it to the nearest tenth decimal (Sinplified fractions are preferred but not necessary). c) (1 point) Suppose that the aggregate labor supply curve is N5=10w. Compute the equilibrium market wage and market employment level. How many umits of workers would an individual firm in this industry employ given the equilibrium market wage