Question: Question 2 Suppose that w = $5, 1' = $10 and your budget as the manager of a firm is C = $200 For all

 Question 2 Suppose that w = $5, 1' = $10 and

your budget as the manager of a firm is C = $200

Question 2 Suppose that w = $5, 1' = $10 and your budget as the manager of a firm is C = $200 For all cases below, draw rst the original isocost and then the new isocost [after the changes]. In each diagram, clearly specify the X-intercept, the y-intercept and the slope for the new isocost and the old isocost. a. Suppose that your budget increases by $20; there is a \"buy-one-get-one free\" promotion on capital and the wage rate decreases by 20%. b. Suppose that if you pay a fee of $20, you get a \"buy-one-get-one-free\" promotion on capital. Suppose you also get 2 free unit oflabor

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