Company has decided to build a garage to ease the parking dilemma on campus. They have hired a construction company who intends to use 2.5 acres of land and 1250 tons of cement to produce a garage that can park 250 vehicles. The MRTS_CL =?. Land costs $1000 per acre and cement costs $2125 per ton.

Calculate total cost and MRTS_CL

Using isoquant and iso-cost analysis, show this initial input combination and label this point A. Be sure to label the x and y-intercepts and the isoquant's Q.