Please answer each sub questions. Thanks!

02 Equilibrium in the consumption-labor choice model 4Points Recall that equilibrium in the static consumptionlabor choice model is given by the following five equations: Y = AKO'LlO' g: aAgalLla ? = (1 amfrara 1 RP ' milseem] Y=C Suppose O! = 0.35, A = 1, K = 2, 000, 000, and N = 1, 000, 000. Answer the following. 02.1 1 Point In the US, average worker allocates about one-third of their time to the labor force. Find the value of (,0 so that L/N = 1/3. Use this number for other parts of this question. Round your answer to at least three decimal places. 02.2 1 Point Compute the equilibrium quantity of output Y for the economy. Round your answer to at least three decimal places. Q2.3 1 Point Compute the equilibrium real wage W / P for the economy. Round your answer to at least three decimal places.Q2.4 1 Point Compute the equilibrium real rental rate R/ P for the economy. Round your answer to at least three decimal places