2) Using isocost and isoquant curves, show a firm's optimal quantities of high skilled labor and low skilled labor.

Next, suppose that technological inventions make high skilled labor more productive.Show how this will create new isoquant curve.What happens to the slope of the isoquant curve?Next, show the isoquant curve that maximizes output given that the firm wants to continue spending the same amount of money (that is, it will stay on the same isocost curve).Show the old and new optimal combinations of high and low skilled labor.Explain everything and show everything graphically.

Type the answer please! Thank you!