D Question 5 3 pts Kalamkari Bearings manufactures ball bearings with two factors of production, capital () and labor (() and the production function q - 212/$ 21/5. Its short run capital stock is fixed at k = 32. The rental rate for capital is v = 180, and wage rate for labor is w = 128. What is Kalamkari Bearing's short-run total cost curve? (a) STC(q) = 6400 + (b) STC(q) = 4500 + 81 (c) STC(q) = 5760 + 84 (d) STC(q) - 3900 + 52 The correct answer is option [Select ] What is the short-run average cost? (a) SAC(q) = 3900 (b) SAC(q) 6400 9 80 (c) SAC(q) 4500 81 (d) SAC(q) - 5760 g 9 The correct answer is option [ Select ] What is the short-run marginal cost? (a) SMC(q) = 39 (b) SMC(q) = 3g 64 (c) SMC(q) = 32 (d) SMC(q) = 57 The correct answer is option [ Select ]Now, express STC in terms of the parameters v, w, q, and k. (a) STC = vk + wg (b) STC - vk + 24k (c) STC = vk + (d) STC = vk + 16wg 321 The correct answer is option [ Select ] Given the STC above, what is the k what minimizes total costs? (2 ) k = (; ) 2/8 (b) k = (2) 1/3 2/3 The cost-minimizing level of k is option [Select ] Given k as above, what is the minimized long run total cost? (a) C = 0.79q21/321/3 (b) C = 0.94qu2/$ w1/3 (c) C = 1.05qu7/3w2/3 (d) C = 0.88(qu)2/5 w1/3 The answer is option [ Select ]