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(A) What is the minimum wage where Creekwood is located? What is the rental rate? (B) Suppose that the city.r government doubles the minimum wage

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(A) What is the minimum wage where Creekwood is located? What is the rental rate? (B) Suppose that the city.r government doubles the minimum wage in a bid to attract more unskilled workers. Draw a new isocost curve corresponding to C = 300 that reects this change. Is it impossible for Creekwood to still serve 10 customers for a cost of $300? Creekwood Lawn and Landscape is a small business that employs 20 minimum wage workers and 10 units of capital (in the form of mowers, spreaders, aerators, etc.) to service 10 lawns. Creekwood is currently minimizing costs at $300 per hour, as depicted in the following diagram:

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