Question 3 {1 point} In a production function where capital {K} is raised to the power 0.3 and labour {H} is raised to the power 0.? O a} the production function relating output and labour is not as sharply bowed as the production function relating output and capital. 0 b} the production function relating output and labour is as sharply}r bowed as the production function relating output and capital. 0 c} the production function relating output and capital is not as sharply bowed as the production function relating output and labour. 0 d} the production function relating output and capital is bowed, but the production function relating output and labour is not bowed. 0 e} Hone of the above Question 4 {1 point} One reason that rms hire labour at the point where w = MPH is O a} if w s MPHr the cost {w} of hiring additional workers exceeds the benets {MPH} of hiring then-lr so the-1}r should hire fewer workers. 0 b} if w :- MPH, the cost {w} of hiring additional workers is less than the benets {MPH} of hiring then-lr so they should hire more workers. 0 c} if w s MPHr the cost {w} of hiring additional workers equals the benets {MPH} of hiring them, so they}r have the right number of workers. 0 d} if w :r MPH, the cost {w} of hiring additional workers exceeds the benets {MPH} of hiring themr so they}r should hire more workers. 0 e} Hone of the above