If Al-quds firm has $ 1000 to be spent on two factors of production, the price of labour PL = $ 100 , and the price of machine Pm = $ 20.   1. Derive and draw the Iso-cost line ? 2. Derive the Iso-cost line formula ? 3. If the producer equilibrium occurs when the number of labor is 8 workers, and the output is 500 units. Calculate and draw the quantity of machines that achieves the equilibrium ?

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