a)

02 a (5 points) Jorge has started a business making hot sauce. He has two ingredients in his hot sauce - tomatillos and ancho peppers that must be combined in fixed proportions. To produce two jars of hot sauce he needs to combine 3 units of tomatillos with % a unit of ancho peppers. If the price of tomatillos is $2 a unit and the price of ancho peppers is $4 a unit, draw an isocost representing the lowest cost of producing 2 jars of hot sauce. What is his production function for producing y jars of hot sauce? If the price of tomatillos is L0} and the price of ancho peppers is L02, what are his conditional demand factors for the two inputs to produce y jars of hot sauce at the lowest cost? What is his cost function for producing y jars of hot sauce