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Please explain how to get the answer. Hannah and Sam run Moretown Makeovers, a home remodeling business. The number of square feet they can remodel

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Hannah and Sam run Moretown Makeovers, a home remodeling business. The number of square feet they can remodel in a week is described by the Cobb-Douglas production function Q : F(Lv K) Q = 10L0'25K0'25, where L is their number of workers and Kis units of capital. The wage rate is $625 per week and a unit of capital costs $10,000 per week. Suppose that when initially producing 10 square feet a week, they use 0.25 unit of capital. a. What is their short-run cost of remodeling 20 square feet per week? Instructions: Round your answer to the nearest whole number. as E b. What is their short-run average cost of remodeling 20 square feet per week? Instructions: Round your answer to the nearest whole number. as E c. What is their long-run cost of remodeling 20 square feet per week?

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