1) Suppose the wage Is 512 and the cost of capital is $3, and we have the following production function: Q=L5K5 all Find your cost minimizing level of K and L if 0:10. b) What Is your long run cost In a? I c) Draw a graph that shows the isoquant and isocos; that minimizes costs. d) Suppose the cost of capital increases. How will the level of K and I. and the graph change? Draw it. e) Calculate the marginal rate of technical substitution. 2) Draw a set of isoquants if Q=2K+L What types of goods are these