Consider an economy with one consumer and one firm.The firm produces the output C from the labour L according to the production function f(L)=2L1/2.The consumer provides labour to the firm and consumes the good C.The consumer can work a maximum of 18 hours a day.Her utility function is u(Le,C)=C+Lewhere Le=18-L is her leisure time.At the Walrasian equilibrium where the consumer is the only owner of the firm, what will the firm's profits be if the price of the output is p=1?