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A bottling company uses two inputs to produce bottlesof the

    A bottling company uses two inputs to produce bottlesof the soft drink sludge: bottling machines (K) and workers (L). The isoquantshave the usual smooth shape. The machine costs $ 1,000 per day to run: theworkers earn $ 200 PER DAY. At the current level of production, the marginalproduct of the machine is an additional 200 bottles per day, and the marginalproduct of labor is 50 more bottles per day. Is this firm producing at minimumcost? If it is minimizing cost, explain why. If it is not minimizing cost,explain how the firm should change the ratio of inputs it uses to lower itscost. please

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