Assume a rm's production function is given as follows: Q = min {18L, 12K}. lf K = 8 and L = 6, which of the following is correct? 0 Q = 96, and capital and labor cannot be substituted for each other. C) Q = 108, and capital and labor can be substituted for each other at the rate of 1.5 L for 1.0 K. O Q = 96, and capital and labor can be substituted for each otherat the rate of 1.5 K for 1.0 L. O Q = 96, and capital and labor can be substituted for each otherat the rate of 1.5 L for 1.0 K. Which of the following is a correct statement regarding cost curves? 0 The average total cost curve and average variable cost curve are separated by the constant dollar amount of total xed cost. 0 The average xed cost curve is a horizontal line. C) The total cost curve is continually upward sloping and starts at the origin. 0 The average total cost curve passes through the minimum point of the marginal cost curve. 0 The long run average total cost curve is a U-shaped curve made up of the lower portions 0t all short run average total cost curves