Couldn't post the picture so I hope this works, answer as soon as possible thank you. A wood factory initially produce wood chairs (Q) manually with I units of labour employed and without using any machinery. That is, Q=f(L)= L And per unit price of chair is p and per unit wage is w. 1) Construct a profit function and find the optimal level of labour input (L*) for profit maximization. 2) Suppose this manager tries to figure out how the optimal level of labour demand (L*) would change when w varies. What is your finding? 3) Now the government wants to subsidize the firm's employment to promote national economy with subsidy rate s