these are 2 questions i need help. please help me asap thanks

Acrobat Reader File Edit View Window Help K * 67% A Wed 8 Apr 14:30 Q DE ... ECON1056 Take-home Exam.pdf Home Tools ECON1056 Take-... X (? 2 14 O + 75% Share Search 'Header Question 1 Export PDF A firm has the production function Q = LK + 2K. The associated marginal products are, Adobe Export PDF Convert PDF Files to Word MPL = K and MPK = L + 2. or Excel Online The wage is w = $200, and the rental price of capital is r = $800. Select PDF File Required: ECON1056 ... Exam.pdf X (a) Are the marginal products of labour and capital diminishing? Briefly explain. (2 marks) Convert to (b) Derive an expression for the firm's marginal rate of technical substitution. Is the Microsoft Word (*.docx) marginal rate of technical substitution diminishing? Briefly explain. (2 marks) Document Language: English (U.S.) Change (c) Find the input demand functions for labour and capital as a function of the required quantity of output Q. (8 marks) (d) What is the cost to the firm of producing Q = 256 units? Convert (3 marks) Convert and edit PDFs with Acrobat Pro DC Start Free Trial O 8 ... 4 . . .. K W PWed 8Apr 14:30 q 0 @410 IBEQLI4lk75%vv'?|EI/af> Home Tools ID Question 2 Search 'Header' @ Three (3) identical firms produce widgets. Each firm faces a constant marginal cost of E2, Export PDF A $10 per widget, and has fixed costs of $15,000. The firms compete by selecting quantities (Cournot Competition). Inverse demand in the market is given by the equation, Q Adobe Export PDF 6m P = 50 mi Convert PDF Files to Word . . . or Excel Online where P represents the market price and Q IS the total quantity produced by the three firms. Select PDF File R ' d: equlre ECON1056...Exam.pdf X (a) Derive the total cost function for the typical firm. (Hint: Use 0,4 to represent the quantity produced by this firm.) Convert to ' (2 marks) > Microsoft Word (\".docx) v (b) Derive the profit function for the typical firm. (Hint: Use X to represent the com- bined production of the remaining two firms.) Document Language: (3 marks) English (U.S.) Change (c) Derive the best response function for the typical firm. (3 marks) (d) Find the equilibrium quantity of the typical firm. m (2 marks) (e) Find the equilibrium market price and the profits of the typical firm. Convert and edit PDFs (3 marks) with Acrobat Pro DC (1') Explain how would you expect the structure of this market to change over time. Maximum length 100 words, (Hint: You do not need to do any further calculations Start Free Trial for this part of the question.) aomqm eieoeate\"ie a