80 70 60 50 40 30 1.000 cases 20 10 10 20 30 40 50 60 70 80 Labor Figure 3 2in 20"C Mostly ide W/Individual%20Assignment_2022 1_10v2.pdf (15 Page view At Read aloud 10 Add text V Draw . wr Highlight 10 10 20 30 40 50 60 70 80 Labor Figure 3 Refer to Figure 3 above, if the rental rate of capital is $100 an hour and the hourly wage rate is $10, what is the value of the iso-cost line? (2marks) If the firm can sell the production associated with this least cost combination of inputs at $30 per unit, what is the firm's total profit? (2 marks) Draw a new is cost line if the rental rate of capital double. (3 marks) iv) Using the new iso cost line obtained in ill), find the new level of capital and labor by using appropriate graph. (8 marks)