\fUse the graph below for the following three questions: 14 12 10 Units of capital, K 8 A 6 4 C 1Q2 N 1Q1 10 20 30 40 50 60 70 80 90 Units of labor, L The graph shows units of labor (labeled _) on the horizontal axis, and units of capital (labeled ) on the vertical axis. A budget line intersects the vertical/capital axis at 10 units, and the horizontal/labor axis at 80 units. Two isoquants are drawn: the first is labeled 141 and is located closer to the origin (which means it is associated with a lower level of output); the second is labeled IQ2 and is located further away from the origin (which means it is associated with a higher level of output). Isoquant /Q1 intersects the budget line at two points: the first is at a low level of labor and high level of capital and is labeled A; the second is at a high level of labor and low level of capital and is labeled C. Isoquant /Q2 intersects the budget line at a single point of tangency: it is at a medium level of both labor and capital and is labeled B