7.5 A firm producing hockey sticks has a production function given by q=2\\/K-L In the short run, the firm's amount of capital equip- ment is fixed at K = 100. The rental rate for K is v = $1, and the wage rate for L is w = $4. a. Calculate the firm's short-run total cost func- tion. Calculate the shortrun average cost function. h. The firm's short-run marginal cost function is given by SMC = 5150. What are the STC, SAC, and SMC for the firm if it produces 25 hockey sticks? Fifty hockey sticks? One hun- dred hockey sticks? Two hundred hockey sticks? c. Graph the SAC and the SMC curves for the firm. Indicate the points found in part b. d. Where does the SMC curve intersect the SAC curve? Explain why the SM C curve will always intersect the SAC at its lowest point