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A)Consider a firm which produces baseball bats using wood and workers.On a graph with capital (wood)on the vertical axis and labor (workers)on the horizontal axis,draw an isoquant and isocost line such that the firm is minimizing the total cost of producing Q₁ baseball bats.Let this initial point be profit-maximizing.

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The Answer of ( A)Consider a firm which produces baseball bats using wood and workers.On a graph with capital (wood)on the vertical axis and labor (workers)on the horizontal axis,draw an isoquant and isocost line such that the firm is minimizing the total cost of producing Q₁ baseball bats.Let this initial point be profit-maximizing.