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6. A widget manufacturer has an infinitely substitutable production function of the form: q=K+ 2L a. Graph the isoquants for q=10, q=20 and q=30. Show some work. You can use increments of 5 on both axes. Be sure to show your work. b. If the wage rate (w) = $10 and the rental rate on capital (v) = $10, IN A NEW COLOR graph the TC = $50, TC =$100, TC = $150, TC=$200, TC = $250 and TC = $300 and isocost lines. c. The least cost way to produce q = 10 is to use units of capital and units of labor which will cost $_ Label this point C in the diagram. d. The least cost way to produce q = 20 is to use units of capital and units of labor which will cost $ Label this point D in the diagram. e. The least cost way to produce q = 30 is to use units of capital and units of labor which will cost $_ Label this point E in the diagram. f. Draw and label the expansion path in the graph above. g. First complete the table using numbers from above, then use q TC those numbers to draw the total cost curve in the graph to the right. Label points C, D, and E on C your graph. Be sure to label the axes properly D F