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Marginal product of capital and marginal product of labor

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Reference no: EM131253970

Suppose that Poland Spring has the Production function Q= K + 10L^0.5

1. What is the marginal product of capital and marginal product of labor

2. What is the marginal rate of technical substitution of labor for capital

3. Initially Poland Springsbhas 0 units of capital and pays $2 per unit of capital and $3 per unit of labor. What are Poland Springs's short term costs as a function of quantity. also, what are short term average and marginal costs?

Reference no: EM131253970

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