The production function at ginkos copy shop is q 1000 x, Ask an Expert

Economics

The production function at Ginko's Copy Shop is q = 1000 x min(L, 3K), where q is the number of copies per hour, L is the number of workers, and K is the number of copy machines. As an example, if L = 4 and K = 1, then the minimum of L and 3K, min(L, 3K) = 3, and q = 3,000.

A) Draw the isoquants for this production function.

B) Draw the total product, average product, and marginal product of labor curves for this production function for some fixed level of capital.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91521486

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