5. You decide to open a franchise in a new country, but you are unsure of the rental rate and wage rate (so let r and w be the rental rates and wage rates respectively). However, you know that in the new country your production function will be given by: Q=10K.25L.25 a. What are your long-run demands for labor and capital in the new country? b. What are your total costs, long-run average costs, and marginal costs in the new country? c. As output increases, what happens to marginal and average costs? Why does this occur? 5. You decide to open a franchise in a new country, but you are unsure of the rental rate and wage rate (so let r and w be the rental rates and wage rates respectively). However, you know that in the new country your production function will be given by: Q=10K.25L.25 a. What are your long-run demands for labor and capital in the new country? b. What are your total costs, long-run average costs, and marginal costs in the new country? c. As output increases, what happens to marginal and average costs? Why does this occur