Assignment Task: Your plant has the following production function: Q = 101 + 5K. The price of a unit of labor w, is $5 and the price of capital r, is $5 per unit.
a. In the short-run, your plant's capital is fixed at K = 2. Find the amount of labor you must employ to produce Q = 80 units of output.
b. How much money are you sacrificing in the short run by not having the ability to choose the optimal level of capital?