1.Assume the Cobb-Douglas production function is and if price of labor per day is 5 birr and price of capital per day is 10 birr; and if total outlay (cost budget) per day is 400 birr.A.Find L and K...

1.Assume the Cobb-Douglas production function is and if price of labor per day is 5 birr and price of capital per day is 10 birr; and if total outlay (cost budget) per day is 400 birr.A.Find L and K that maximize out putB.What is the maximum out put the equilibrium L* and K*2.Given AC function Q2-4Q+100/QA.find the MC functionB.The TVC functionC.Determine the level of output at which the MC curve intersects with the AVC curve