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3. Suppose that Radio Bilkent's production function of broadcasting per day (M) is M=S * N, where S is the number of songs and N

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3. Suppose that Radio Bilkent's production function of broadcasting per day (M) is M=S * N, where S is the number of songs and N represents news (measured in hours). The copyright fee (price) of a song is Ps and the cost of one hour of news broadcasting is Pin Currently, Radio Bilkent have 4 hours of daily news. Write down the short-run variable cost and marginal cost function of Radio Bilkent

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