Please answer the following question

If the firm is producing where wi MP MP 2 > W2 2 which of the following could potentially reduce the costs of the firm but maintain the same output. (Check all that apply). 1. Decrease the slope of the isocost line by changing the firm's technology 2. Decrease the slope of the isoquant line by changing the firm's technology. 3. Decrease the cost of w2. 4. Decrease the cost of w1. a. Statement 1 is true, Statement 2 is true, Statement 3 is false, Statement 4 is false b. Statement 1 is false, Statement 2 is true, Statement 3 is true, Statement 4, is true. O c. Statement 1 is false, Statement 2 is true, Statement 3 is false, Statement 4 is true. OO d. All statements are false e. All statements are true