c. (8 points) Use the first-order conditions from parts a and b along with the profit function stated above to show whether the firm's economic profits are strictly negative, strictly positive, or equal to zero (i.e., profit < O , profit > O, or profit = O , respectively). Clearly and carefully provide important algebraic steps explaining the result. (Note: no numerical analysis is needed and should not be included in your solution; the result is entirely analytic.) Points may be deducted if the result relies on a numeric example and/or if the algebraic steps are not presented clearly.