A firm has a production function of 
, the rental rate of capital is $15, and the wage rate is $10. In the short run, 
is fixed at 100 units.
a. What is the short-run production function?
b. What is the short-run demand for labor?
c. What are the firm's short-run total cost and short-run marginal cost? Use calculus.
Definitions:
Contacts
Individuals or entities that one knows, especially regarded as a source of information or in a professional context to gain advantages.
Social Capital
A term representing the networks, relationships, and norms that facilitate collective action within or among groups.
Social Ties
The connections and relationships between individuals or groups that can provide support, information, or access to resources.
Power
The power to shape or control the actions of others or steer the direction of events.
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