3. The Red Racer Company and the Blue Bomber Company are each capable of minimizing cost and producing 4,000 bicycles per month. Red Racer's factory is located in an area
where the cost of labor is significantly less and the cost of capital is significantly more
than the costs of labor and capital for Blue Bomber. Assume that each company has
access to the same technology to produce bicycles and draw an isoquant/isocost
diagram to illustrate why the cost-minimizing combinations of inputs for these
companies are different. Be sure to identify the isocost line, amount of capital, amount
of labor, and cost-minimizing combination of inputs for each company.

Question 1 (3 points) saved what is the solution for the following system of equations? use any method to solve. y = -x +4 y = x - 2 question 1 options: ( 4 , -2) (2, 1) (3, 1) (3, -2) question 2 (3 points) saved the solution to a system of equations is where the lines intersect. question 2 options: true false question 3 (3 points) which ordered pair is the best estimate for the solution of the system of equations? the graph of the system of equations : y = 3/2x +6 and y=1/4x - 2 question 3 options: (-6, -3) (-6.5, -3.5) (-7, -4) (-7, -3.5) question 4 (3 points) what is the solution for the following system of equations? use any method to solve. 2x + 8y = 4 x = -3y + 5 question 4 options: x = 14, y= -3 x = 2, y = -3 x = -3, y = -3 x = 12, y = 5 question 5 (3 points) solve the following system using any method. 8a - 4b = 20 5a - 8b = 62 question 5 options: a = 5, b = -4 a = 8, b = 4 a = -5, b = -8 a = -2, b = -9 question 6 (3 points) breana is selling tickets to a choral performance. on the first day of ticket sales, she sold 3 senior citizen tickets and 1 child ticket for a total of $38. breana took in $52 on the second day by selling 3 senior citizen tickets and 2 child tickets. what is the price of a senior citizen ticket? question 6 options: question 7 (3 points) a farmer has 5 times as many cows as pigs. the farmer only has cows and pigs, and he has 168 animals. how many cows does he have? question 7 options: 140 cows 120 cows 50 cows 28 cows question 8 (3 points) how many solutions does the system have? question 8 options: zero one infinitely many question 9 (3 points) what is the solution to the system of equations? graph of x+2y = 6 and y = x question 9 options: (1 , -2) (2, 2) (3, 5) (-2, 2)