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You are a car producer. You can make cars using either workers or machines or a combination of both. Machines and workers are perfect substitutes:

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You are a car producer. You can make cars using either workers or machines or a combination of both. Machines and workers are perfect substitutes: you can produce each car using either 100 workerhours (L) or 10 machine- hours (K). Assume you want to produce 10 cars (C). a. Calculate the marginal product of a workerhour and the marginal product of a machine-hour. b. Calculate your total machine-hours, worker-hours, and costs if a machine- hour costs v=$250 and a worker-hour costs w=$20. c. Calculate your total machine-hours, worker-hours, and costs if the price of a worker-hour increases to $30

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