Consider a sh processing plant that employs workers {L} and machines {K}. The production function is given by: Q=2L035KI125 Initially, the rm has a xed number of machines of Ko=32. The input costs are w=160 and r=40. 6. 10. 11. 12. Suppose the rm plans to produce (1:16. With the current amount of capital, how much labor does the rm need to employ? L=_128_ In the short run with the initial quantity ofcapital, how much will it cost to produce (1:16? C5\"(16}=_21,760_ [2 points] Find the short-run cost function C5\"(Q] with the initial amount of capital. dam-2513230259 Q4=15L(32}-)L=o4/512 qm=1aoic1';512)+40{32) c5"{o)=_o.312504+1230 Continuing with the short run cost function, what is the xed cost. FC=_1280 [2 points] Now suppose that the rm is looking to the long run. If the rm plans to continue producing (1:16, how much labor and capital will it employ? MRTS=-w;'r -)I