SOS COMM220 Analysis of Market Final Em Winter 2020 Question 2 The production function of rollerblades can be expressed as Q = 25 K^1.25L^0.5 Equipment required for this operation can be rented at $ 75 per hour and labour can be hired at $15 per work hour. Q = units of rollerblades per month K-capital input (units of machine hour) L = labour input (units of worker hour). a. Find the marginal rate of technical substitution b. Determine the optimal input mix to produce an output of 35,000 units. Compute the cost of production. SOS COMM220 Analysis of Market Final Em Winter 2020 Question 2 The production function of rollerblades can be expressed as Q = 25 K^1.25L^0.5 Equipment required for this operation can be rented at $ 75 per hour and labour can be hired at $15 per work hour. Q = units of rollerblades per month K-capital input (units of machine hour) L = labour input (units of worker hour). a. Find the marginal rate of technical substitution b. Determine the optimal input mix to produce an output of 35,000 units. Compute the cost of production