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Suppose that w = $6, r = $4 and your budget as the firm manager is C = $120. For each casebelow draw in the

Suppose that w = $6, r = $4 and your budget as the firm manager is C = $120. For each casebelow draw in the same diagram theoriginal isocostand thenew isocost.In each case, clearlyspecify the x-intercept, y-intercept and the slope of each isocosts.PLEASE SHOW A SEPARATE GRAPH FOR EACH PART

a) "Buy-two-get one free" promotion on Labor AND you also receive 3-free units of Capital

b) Pay $12 to join a program which allows you to then purchase capital at a discount of 50%. The program also allows you to receive 2 free units of Labor (two volunteers).

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