A firm has a production function of the form Y=2L+5K where Y is the output and L and K are the two inputs. The unit cost of L is $2 and per unit cost of K is $3.Draw an iso-cost line for this firm, showing combinations of L and K that cost $6 andanother iso-cost line showing combinations that cost $12. What are the slopes of theseiso-cost lines?Sketch the production isoquant depicting 10 units of output. Find the minimum cost ofproducing 10 units of output.