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A firm has the following production function: q=5LK^0.5+2L^2K-L^3K What is its short-run production function if capital...

A firm has the following production function:

q=5LK^0.5+2L^2K-L^3K

What is its short-run production function if capital is fixed at K=9?

What are the firm’s marginal product of labour and average product of labour in the short run?

Show that the firm’s elasticity of output with respect to labour in the short run is a function of marginal product of labour and average product of labour. Calculate the short-run elasticity of output with respect to labour

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