Consider the following production function: Q = 100L 0.5K0.5 Subject to the budget constraint 5L + 10K = 75; where L is labour and K is capital. Compute the optimal employment of labour. . a. 8.25 b. 9.3 . c. 7.5 . d. 10If the income elasticity of a particular good is negative 0.2, it would be considered: Select one: a. an elastic good b. an inferior good c. a superior good. d. a normal goodThe following question is based on the production function Q=80L07K0.3 where the cost of labour is $6 and the cost of capital is $4. The total cost of production is $120. What is the partial differential of capital? Select one: a. 24L0.7/ Ko.7 - 4X b. K0.3/ L0.3 - 61 c. L0.7/ K0.7 - 4X . d. 56K0.3/ L0.3 - 6X