Least-cost combination of inputs using isoquants

You are a department manager in a large software firm, and you have an assignment to produce a customized database for a client in the next week. Your boss asks you to find the least costly way to produce the database.

In order to produce the database, you'll need to use computers and programmers. The blue isoquant curve on the following graph shows the combinations of computers and programmers that you can use to create the database in a week.

X MindTap - Cengage Learning Aplia: Economics Graph Tool Help X G how to calculate long term avera x| New Tab ng.cengage.com/staticb/ui/evo/index.html?deploymentld=5568152231651917140775317913&elSBN=9781305650183&snapshotld=2472515&id=1221753298& H - CD CENGAGE | MINDTAP Q Search this course ? Hein Htet v X My Home Aplia Homework: Production and Cost in the Firm Courses In order to produce the database, you'll need to use computers and programmers. The blue isoquant curve on the following graph shows the combinations of computers and programmers that you can use to create the database in a week. Catalog and Study Tools A-Z Rental Options College Success Tips 10 Career Success Tips ? Help $1,200 Isocost Line Co A Give Feedback Cost-min Isocost CAPITAL (Number of computers) w N Isoquant 0 O A+ 5 6 7 9 10 LABOR (Number of programmers) Which of the following are not combinations of programmers and computers that could produce the database within the time allotted? Check all that apply. O Two programmers and five computers O Four programmers and three computers Four programmers and two computers O Two programmers and four computers Each computer costs $600 per week and each programmer costs $600 per week. Suppose your boss gives you a budget of $1,200 to spend on the project. (In other words, your boss wants the total cost of this project to equal $1,200.) On the previous graph, using the purple line (diamond symbols), plot the possible combinations of inputs you could afford-that is, plot your $1,200 isocost line