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how will a graph illustrate both technologies and 4 isocost curves, Cost A@P1 , Cost A@P2 , Cost B@P1 , and Cost B@P2 , Label

how will a graph illustrate both technologies and 4 isocost curves, CostA@P1, CostA@P2, CostB@P1, and CostB@P2, Label all axes, intercepts, and curves.

Technology Number of workers Tons of Coal Total Cost
P1 P2
A 8 4 160 120
B 2 6 140 80

Under the set of prices in the first period (P1), the daily wage is 10 and the price of a ton of coal is 20. Under the set of prices in the second period (P2), the daily wage is 10 and the price of a ton of coal is 10.

P1: Wage= 10; Coal= 20

(A) Total Cost= (8x10)+(4x20)= 80+80= 160

(B) Total Cost= (2x10)+(6x20)= 20+120= 140

P2: Wage= 10; Coal= 10

(A) Total Cost= (8x10)+(4x10)= 80+40= 120

(B) Total Cost= (2x10)+(6x10)= 20+60= 80

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