draw the firm’s isocost line.

Suppose a firm can spend up to $1000 acquiring two variable inputs, labor (L) and capital (K). The price of each unit of labor is $25. The price of each unit of capital is $100.
a. draw the firm’s isocost line.
b. suppose the firm had $2000; draw the new isocost line.
c. suppose the firm had $500; draw the new isocost line.

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