A firm produces its product using only labor. Its production function is Q= 20L -L, where Qis the number of units of output produced and Lis the number of labor hours used. The firm purchases labor in...

Extracted text: A firm produces its product using only labor. Its production function is Q= 20L -L, where Qis the number of units of output produced and Lis the number of labor hours used. The firm purchases labor in a competitive labor market at the going wage rate of w = $12 per hour. The firm sells its output in a competitive market at the market price of P= $5. To maximize profit, the firm should use hours of labor and produce units of output. (Enter your responses rounded to two decimal places.)