PLEASE ANSWER THE QUESTIONS BELOW IN GREY COLOR:

QUESTION 5:

Short run total cost curve?

short run average cost?

short run marginal cost?

STC in terms of the parameters v, w, q and k?

what is the k what minimizes total costs?

what is the minimized long run total cost?

Kalamkari Bearings manufactures ball bearings with two factors of production, capital () and labor (1) and the production function q = 9k-1/3/2/3. Its short run capital stock is fixed at k = 64. The rental rate for capital is v = 27, and wage rate for labor is w = 36. What is Kalamkari Bearing's short-run total cost curve? (a) STC(q) = 1440 + (b) STC(q) = 1856 + 12 (C) STC(q) = 1728 + (d) STC(q) = 2025 + 16 The correct answer is option [ Select ] What is the short-run average cost? (a) SAC(q) = 1440 (b) SAC(q) = 2025 + 16 (C) SAC(q)= 1856 + 12 (d) SAC(q) = 1728 6 The correct answer is option [ Select ] What is the short-run marginal cost? (a) SMC(g) = (b) SMC(q) = 32 (C) SMC(q) = 8 (d) SMC(q) = The correct answer is option [ Select ]Now, express STC in terms of the parameters v, w, q, and k- (a) STC = uk + 27 \\R (b) STC = uk + ov k (c) STC = uk + 27 V 4 (d) STC = ok + qk The correct answer is option [ Select ] Given the STC above, what is the * what minimizes total costs? (a) k = : (1) 1/3 (b) k = v (m ) 2/3 (c) k = 2/3 2/3 (d) k= The cost-minimizing level of & is option [ Select ] Given & as above, what is the minimized long run total cost? (a) C = 0.21gul/3 w/2/3 (b) C = 0.14qu3/3 q.1/3 (C) C = q1/2 yl/3()2/3 (d) C = 0.28q,vw The answer is option [ Select ]Question 6 3 pts Gemini Training School ("GTS") teaches customers how to drive Maruti cars. The car that it uses for all training is the Maruti Swift. The number of customers that GTS trains per week is given by the production function q = 4 . min(k, ()" where & is the number of Swifts hired per week, / is the number of instructors hired per week, and 7 is a positive parameter indicating the returns to scale in this production function. . Suppose 0