G O S canvas.uw.edu C W Quiz: FINAL ESG Impact Ass D Question 4 15 pts Comparative statics with cost minimization (Chapter 20) Again consider the chemical company from question-2. part-a: Illustrate the cost minimization problem as it is in question-2, using isoquants and isocosts. (5 pts) part-b: Now assume that labor gets more expensive and wages increase to 30. Find the new cost minimizing combination of capital and labor. Illustrate the new cost minimization problem on your graph from part-a. (10 pts) Upload Choose a File No new data to save. Last checked at 2:58pm Submit Quiz MacBook Air