Question: Question 4 . ( 1 5 pts . ) A U . S . firm is considering to optimize its production. It's production function is

Question 4.(15 pts.) A U.S. firm is considering to optimize its production. It's production function is \( q=5 L^{0.75} K^{0.25}\), where q is the output, L is the number of labor, and K is the number of capital employed. The prices of labor and capital are \( w=5\) and \( r=10\).
a) Find the equation of the firm's isoquant with output level of 100. Draw it on a clearly labelled graph. (3 pts.)
b) What is the long run expansion path? Find the equation (condition) that explains the expansion path and draw it.(5 pts.)
c) If the capital is fixed at \(\mathrm{K}=10\), what is the short run expansion path? Find the equation (condition) that explains the expansion path and draw it.(3 pts .)
d) How much does it cost to product 100 units of output in the long run? How about with capital fixed at \(\mathrm{K}=10\)? Make sure to draw the relevant isoquant(s), and isocost(s).(4 pts.)
Question 4 . ( 1 5 pts . ) A U . S . firm is

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