Suppose the total cost of capital and labor factors for the ABC company is given by: 5K + 3L = 60 1. How much capital can be obtained if no labor is acquired? 2. How much labor can be obtained if no capital is acquired? 3. What is the slope of the isocost curve? 4. Draw the isoo socost graph in the diagram included (Figure 1). 14 - 12 . K 0. = 30 0 20 2 0 = 10 12 22 24 L 5. What is the optimal production level? 6. For the optimal level, what is the Technical Substitution Marginal Rate