Please answer the following question for Managerial Economics

3. (9 points) Suppose, the production function for X company is given by Q = 5(KL)0-5 where, Q is the amount of output produced, K is the amount of capital employed in production and L is the amount of labor employed in production. The prices of capital and labor are given by PK = $48 and Pl, = $75. a) (2 points) Express the total cost in terms of K and Q. b) (2 points) Derive the expression of marginal cost of capital. c) (5 points) Derive the long-run cost function in terms of