Factors of Production (15 points). President Danny is very popular among the workers in Country A. On the other hand, capital owners typically do not like him. One of the reasons is that he takes a harsh stand against immigration. The production capability of Country A is represented by the production function Y = 100K0.570.5, where L = 256 and K = 100. As a result of Danny's strict immigration policy, the number of immigrants and thus the supply of workers (labor) dramatically drop from L = 256 to l' = 100. (a) Using the labor demand function derived from the production function, find the real wages of labor before and after the decrease in the labor supply, and explain why workers favor Danny's immigration policy. (5 points) (b) Using the capital demand function derived from the production function, find the real rental rates of capital before and after the decrease in labor supply, and explain why capital owners do not favor Danny's immigration policy. (5 points) (c) Based on the production function, shows that the economic profit is zero both before and after the decrease in labor supply. (5 points)