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D Question 1 4 pts Whoville Marble Works (WMW) produces Bespoke Marble Kits (BMKs) for discerning marble connoisseurs. To produce their BMKs, WMW uses raw
D Question 1 4 pts Whoville Marble Works (WMW) produces Bespoke Marble Kits (BMKs) for discerning marble connoisseurs. To produce their BMKs, WMW uses raw materials, labor and energy, and their production function is given by q = 2010.6104, where o q = WMW's monthly output, measured in BMKs, o k = WMW's monthly capital input, measured in $10,000s 1 = WMW's monthly labor input, measured in $1,000s. (a) (3 pts) Find the levels of capital and labor input that minimize WMW's monthly cost of producing 1000 BMKs. What is the minimum cost? (b) (1 pt) How much will it cost WMW to increase their monthly output by 10 BMKs? Explain your answer briefly
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