You are given a general CobbDouglas production functions. = Where q is quantity produced, L=labour input, K= capital input and ,,>0.Afirm producing beer has a specific beer production function; =1.516 0.6 0.4 The wage rate K24 per hour and the hire rate of capital is K8 per hour. Determine the cost minimizing bundles for labour and capital for the firm. d)A consultant is asked to review the operations of the firm. He finds out that the firm spent twice as much on its plant, a fixed cost, as the firm'smanager had previously thought. Should the manager change the output level because of this new information