Question: I will not be graded on this please show work W Consider a rm with the following production function y = EDKZLiT For the whole
I will not be graded on this please show work

W Consider a rm with the following production function y = EDKZLiT For the whole exercise let the price of a unit of capital he $2 DD. the price of a unit of labor be $150 and consider the case where capital is xed at K = 1. a] Calculate the short run prot of the rm when the price of output is $3. [5 points} h} Calculate the short run cost Function. [5 [minis] c] [in the same graph, plot the short run average variable cost, average x cost and marginal cost [5 palms] d] What is the price at which the rm will shut down in the short run [e.g. produce 5r = D]? [5 points]
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