l. Archie McPhee is a rm that produces \"collectable junk\" (i.e., rubber chickens, dashboard hula girls, boxing nun puppets, and so on). Assume that Archie McPhee '5 production function for producing this junk is Q=L2K, where L is units of labor hired and K is units of capital employed. With Father's Day fast approaching, this firm is anxious about meeting a production quota of 100,000 units of output. Assume that the wage rate paid to McPhee employees is $20/hour and the rental rate on capital is $100/hour. a. What are the cost-minimizing levels of labor and capital that will enable Archie McPhee to meet its production quota of 100,000 units of 'junk\"? What is the minimum cost of producing 100,000 units of output? (8 points) b. Now assume that the price of capital increases. Use an isoquant/isocost framework to graphically depict Archie McPhee '5 response to an increase in the price of capital, assuming it will once again choose the cost-minimizing levels of labor and capital to meet its production quota of 100,000 units of output. (10 points)