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Question 2: Subway produces Sandwiches that always taste the same no matter which ingredients you put in it, hence it is fair to assume that

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Question 2: Subway produces \"Sandwiches\" that always taste the same no matter which ingredients you put in it, hence it is fair to assume that they produce one generic good q. Assume that their production function is q = K lmLO'4 where K is capital and L is Labor. Assume that w : 24 and r : 16. (a) Does this production function suggest bread and sauce are perfect substitutes, perfect complements, or imperfect substitutes? Draw three isoquants. (b) Calculate the Marginal Product of Labor. Calculate the marginal pruct of Capital. (c) What is the cost minimizing combination of inputs to make 50 Sandwiches? (d) Does this production function have constant, decreasing, or increasing returns to scale

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