Michael's dairy farm's cost function is 
where q is the amount of output and A is the average age of Michael's employees. Currently, the average age of Michael's employees is 32. Next year, Michael expects the average age of his employees to decrease by 3 years due to job turnover. What happens to Michael's cost of production if he is correct?
Definitions:
Acid-Test Ratio
A financial metric that measures a company's ability to meet its short-term obligations with its most liquid assets.
Working Capital
Current assets less current liabilities.
Current Ratio
A financial metric that measures a company's ability to pay off its short-term liabilities with its short-term assets.
Marketable Securities
Short-term investments that are easily convertible into cash, typically within one year.
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