Draw an isoquant-isocost line graph to illustrate the following situation: Jill Johnson can rent pizza ovens for
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Draw an isoquant-isocost line graph to illustrate the following situation: Jill Johnson can rent pizza ovens for $400 per week and hire workers for $200 per week. She is currently using 5 ovens and 10 workers to produce 20,000 pizzas per week and has total costs of $4,000. Make sure to label your graph to show the cost-minimizing input combination and the maximum quantity of labor and capital she can use with total costs of $4,000.
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