What is firms marginal cost when q is four, Microeconomics

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What is firms marginal cost when q is four

Problem

1. A firm faces the demand schedule p = 650 - 3q and the production function q = 4K^0.5L^0.5 and has to pay £8 per unit to buy L. If K is fixed at 4 units how much L should the firm use if it wishes to maximize profits?

2. If a firm operates with the total cost function TC = 4 + 10(9 + q²)^0.5, what is its marginal cost when q is 4?

3. Given the production function q = (6K^0.5 + 0.5L^0.5)^0.3, find MPL when K is 16 and L is 576.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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