1 (5 points) (a) Suppose the production function is Q = min {K, 2L}. How much output is produced when 4 units of labor and 9 units of capital are employed? Please explain. (b) You are an efficiency expert hired by a manufacturing firm that uses K and L as inputs. The firm produces and sells a given output. If w = $40, r = $100, MPL = 20, and MPk = 40 Is the firm minimizing costs? If not, should the firm use more labor and less capital, or less labor and more capital (c) Given the following table, how many workers should be hired to maximize profits? Labor Marginal VMPL Wage Product Labor 1 8 $32 $100 2 32 $128 $100 3 16 $64 $100 4 -1 $-4 $100 5 -12 S-48 $100