Problem 1 Roger Golfs tits both labor and capital to produce their world famous discs (similar to a tough Frisbee) for disc golf. Their production function looks like this 4 -L K Assume cach disc sells for $10. We'll also assume a competitive market where Roger Golfs has to use the market price for labor ($100) and capital ($109). (n) What is the optimal munber of employees if capital is fixed at 5 units? (b) How much profit do they make? (e) Now, let's assume the firm has signed a contract to supply 250,000 discs for a tournament next year, but they are free to use any amount of labor and capital they would like (in other words, they are in the long run). How much labor and capital will they me now? (d) What is their profit in this quel