A firm produces output according to a production function: G = FiK,L) = min [9K,3L}. a. How much output is produced when K: 2 and L = 3? 9 o unit(s) b. If the wage rate is $60 per hour and the rental rate on capital is $40 per hour, what is the cost-minimizing input mix for producing 9 units of output? Capital: 2 0 Labor: 1 o c. How does your answer to part b change if the wage rate decreases to $40 per hour but the rental rate on capital remains at $40 per hour? It does not change. Capital and labor increase. Capital decreases and labor increases. Capital increases and labor decreases. o