Question: Cornitas' production function is given by Q = X + 6Y, where X is containers of soybean oil, Y is containers of corn oil, and

Cornitas' production function is given by Q = X + 6Y, where X is containers of soybean oil, Y is containers of corn oil, and Q is gallons of frying oil. This graph depicts Cornitas' isoquant for Q = 12, which is Cornitas' desired quantity of output. Com oil 18 (Y) 16 14 12 10 8 6 4 2 O o 2 4 6 81012141618803bunoil (X) Cornitas faces input prices for soybean oil and corn oil which are PX = $1 per container and Py = $5 per container, respectively. a. Consider the input bundle X = 6, Y = 1. Is this bundle a feasible option for Cornitas? (2 points) b. What is the total cost of the bundle X = 6, Y = 1? (3 points) C. Is X = 6, Y = 1 the cost-minimizing bundle? If not, what is the cost-minimizing bundle and what is its total cost? (5 points}
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