(c) (Points: 3) What is the firm's minimized cost function? Answer: (d) (Points: 2) If the minimal level of output to be produced were to increase, what would happen with the firm's cost (assume there is no change in the input prices). Derive an equation that can captures that, than explain the intuition. Answer:{e} {Points: 2} Set up this rm's general prot maximization setup. Answer: if} (Points: 3] Solve the prot maximization problem for this rm using the twostep approach {maximization over quantity}. Note. start by clearly identifying howr you modify the general prot maximization setup above before solving the problem. Answer: (g) (Points: 10) Solve the profit maximization problem for this firm using the one-step approach (maximization over input). Note, start by clearly identifying how you modify the general profit maximization setup above before solving the