Consider an economy in which the aggregate labor supply is given by the following expression:P4 and the production function aggregated by the following expression:12 Y = AK 3L3where W/P is the real wage, Ls is the labor supply, Y is the aggregate production, K is the capital stock, L is employment y A is a parameter that measures the state of knowledge of the economy. It is requested:
a) Obtain the aggregate labor demand function in this economy, if capital is 1000 and A is 15.