Suppose a competitive firm produces according to the production function = ^0,5 ^0,5 , 2 = 4 in the short run. The short-run production function is: = ^0,5 4^0,5 = 2^0,5. The firm faces wage rate $10 and sells output at a price of $20. (1) Compute the short-run profit-maximizing labor demand. (2) Using a graph, show if the marginal revenue product of labor exceeds the wage rate, then the competitive firm would want to hire more labor