34. A paragliding gear company is currently able to produce 750 sets of paragliding equipment. The increase in output per dollar spent on capital is 20 sets of equipment, and the price per unit of labor is $25. (a) What is the marginal product of labor if the firm is producing at a cost minimizing point? (b) If the marginal product per dollar spent on labor is 50 sets of equipment, then (a) Is the firm producing at a cost minimizing point? (a) If yes, why? (b) If no, what would have to change? (Think more or less of each input.) Explain using a graph and other principles discussed in class. Show your work