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Question 4. The Clear Window Company has estimated the relationship between output (Q) and the number of units of labour (L) and glass (G) as:

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Question 4. The Clear Window Company has estimated the relationship between output (Q) and the number of units of labour (L) and glass (G) as: Q = 300L + 800G 0.4L2 0.2G2 The price of one unit of labour is $20 and the price of one unit of glass is $80. a) What is the marginal product of labour? [1] b) What is the marginal product of glass? [1] c) Ifthe View Window Company budgets $85,000 on labour and glass, what is its budget equation? [1] d) How much of each input should the company employ given its budget? [5] e) What output will result from the combination of inputs you determined in part (1)? Round the output to the nearest integer. [2]

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