Afirm uses only labor (L) and capital (K) as inputs and is minimizing the cost of producing Q1 units of output by using L1 worth of labor and .K1 worth of capital. Suppose there is an increase in the price of capital. How should the firm respond to this increase in the long run if it wants to continue producing Q1 units of output? (Check all that apply.) |:| A. The firm should increase its use of capital. |:| B. The firm should reduce its use of labor. |:| C. The firm should increase its use of labor. |:| D. The firm should reduce its use of capital. In the short run, ifthe firm wants to continue producing Q1 units of output, it should respond to the price increase by |:|