Part 2 (a., b., c.): Setup: Suppose the price of each unit of labor (L) is $24 per hour, the price of each unit of capital is $56 per hour, and the firm has a budget of $120,000 to spend on labor and capital. The firm is employing the long-run, cost-minimizing combination of the inputs, as shown in the diagram. 2. Using the table above, information in the setup, and the diagram, determine the following: 2a. Maximum auantitv of cabital the firm could employ (i.e. Max. K in the diagram): 2b. Cost-minimizing capital employed, K (to the nearest whole number): (NOTE: Enter a value. usina an Excel formula below or from a calculation outside of Excel) 2c. Marginal product of K (MPK) at K : (NOTE: Enter a value, using an Excel formula below or from a calculation outside of Excel) The table below contains partial information on the long-run, cost-minimizing combination of labor and capital for a firm. Specifically, it gives a schedule of labor input, total product (or output), and the corresponding marginal product of labor (MPL). Do the following: Part 1: Complete the table, entering a formula for the marginal product of labor (MPL). Part 2 (a., b., and c.): Find the values requested