Can someone solve question 1 and 2? Questions have all required information

1. (15 points) Barro Chapter 2, end-of-chapter problem #2.7 on pages 86-87: production function has the form Suppose that the where y is Output, A is a positive constant, I is labor input, and B is another constant which may be positive, negative or zero. a) b) c) d) Graph the level Of Output, y, versus the quantity Of labor input, l. Is the marginal product Of labor positive? Is it diminishing in l? Describe the wealth and substitution effects from an increase in the coefficient A. Describe the wealth and substitution effects from an increase in the coefficient B. 2. (10 points) Barro Chapter 2: Consider an improvement in technology that leads to a proportional upward shift in the production function. How will this affect Crusoe's work effort, output, and consumption? Explain your answer in full sentences (bullet points are not acceptable).