Given a production function of the form q(L,K)=ALaKb where A=20,a=1.0,b=1.0, wages =5, and rent =40. In the short-run, if K=8, what is the minimum cost at which the firm can produce 1,000 units? Your Answer: Answer Question 2 ( 2 points) Given a production function of the form q(L,K)=A(min(aL,bK)) where A=10,a=1,b=5, wages =4, and rent =25. is the minimum cost at which the firm can produce 1,000 units when both L and K are variable?.