Question 1 (15 Total Marks) Producer Theory Afirm has the following Production Function: 1 1 {223161;3 and wzplzsm r=PK=$QD a] If the profit maximizing firm is committed to producing output Q = 5300 units at least cost, what are the optimal amounts of capital and labour the firm should employ? (6 marks) b) What is me total cost of production? [7" marks} (2] Illustrate your answer. {2 marks) K