a) ChrisNaan Company produces fruit smoothies for students at the University of GhAna. Supp its production function is given by y = LK/10, where L and K are labour and capital, respectively. Suppose the factor prices are w = 10, and r = 100, where w and r are wages and rental cost, respectively. i. Find the marginai product of labour and capital. ii. What is the marginal rate of technical substitution? iii. Now suppose that under a new scheme introduced by the Govermment of Ghana to ehcourage fruit intake by students, ChrisNaan Company is provided with an amount of C2,000,000 as cost for the programme. Determine the maximum quantity of fruit smoothies that can be %3D Neen Company

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