1 Bill's Belts is a company that produces men's belts crafted from exotic material, Bill solls the belts in the wholesale market. Currently the company has labor costs of $25 per hour of labor, while capital costa are $500 per hour per unit of capital, In tho short rum, bowever, capital is fixed at 20 units, The company's production function is given by; Q-10L^1/2K^t/2 a. What are the short-run AVC and ATC functions? Hint: Costs are a function of the level of output produced so your functions should be in terms of Q b. What is the short-rum MC function