The production function of an enterprise has the form Q(k,1) = KL0,5 where K,L is the number the amount of capital and labor put into production. Capital rental unit price is r = 10 units of money and the unit price of hiring labor is W = 5 units of money. In short, business owners enterprises use capital with a fixed amount of K=50 units
a. Write the total cost and total variable costs functions in the short term of the business karma according to the output variable Q.
b. Write down the average and marginal cost functions in the short term of the business.
c. With a selling price of 4 units of money/unit of product, the production output and profit What is the profitability of the business? to the maximum. Profit chemistry
