Joe owns a coffee house and produces coffee drinks under the production function q=k^2 l^3, where q is the number of cups generated per hour, k is the number of coffee machines (capital), and l is the number of employees hired per hour (labor). consider the following statements to answer this question: i - average product of labor is ap_l = k^2 l^2ii -marginal product of labor is mp_l=3k^2 l^2iii - marginal rate of technical substitution is mrts_l, k=2k/3la. i is true, ii and iii are false. b.ii is true, i and iii are false..c. i and ii are true, iii is false. d.ii and iii are true, i is false. e.i, ii and iii are true.

The year is 2278, and the starship enterprise is running low on dilithium crystals, which are used to regulate the matter-antimatter reactions that propel the ship across the universe. without the crystals, space-time travel is not possible. if there is only one known source of dilithium crystals, the necessary conditions for a monopoly are met. part 2 (1 point)see hint if the crystals are government owned or government regulated, and the government wants to create the greatest welfare for society, then it should set the price choose one or more: a. so only the rich can afford space-time travel. b. at the profit-maximizing price. c. at the efficient price. d. using the marginal-cost pricing rule. e. so everyone can afford space-time travel. f. at the monopoly price.