(Solved): Please answer Joe's coffee shop faces an isocost curve given by \( \mathrm{C}=10 \mathrm{~L}+5 \math ...

Joe's coffee shop faces an isocost curve given by \( \mathrm{C}=10 \mathrm{~L}+5 \mathrm{~K} \) where \( \mathrm{L} \) is the number of employees and \( \mathrm{K} \) is the number of coffee machines. If Joe's total budget is 100 and he has 5 employees, he can afford machines. The slope of the isocost curve (with \( K \) on the \( y \)-axis) is For each additional employee, to keep his costs the same, Joe has to give up machines.