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2. Make an isocost when budget is $600, price of input-1 is $30/unit, and price of input-2 is USD 60/unit. What happen with the isocost

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2. Make an isocost when budget is $600, price of input-1 is $30/unit, and price of input-2 is USD 60/unit. What happen with the isocost line if the price of input-1 increases to $50/unit. Graph the new isocost. (10 points) 3. A mineral water company's total cost (TC) is TC=5+ 10Q+3Q' with Q = number of product or output This company sells the product on USD 28/unit. a. Find the profit equation! (10 points) b. How many products should the company sell in order to maximize the profit? (10 points) c. How big is the maximum profit? (5 points)

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