Suppose the hourly wage is $10 and the price of each unit of capital is $25. The price of output is constant at $50 per unit. The production function is f (E, K) = E12 KV2, so that themarginal product of labor is MPE = (12) (K/E)V2. If the current capital stock is fixed at1, 600 units, how much labor should the firm employ in the short run? How much profit will the firm earn?

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