Suppose that in a given production process a blueprint (B) can be produced using either an hour
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a) Write down the production function corresponding to this process (i.e., express B as a function of C and D).
b) Suppose the price of computer time (pc) is 10 and the wage rate for a manual draftsman (pD) is 5. The firm has to produce 15 blueprints. What are the cost minimizing choices of C and D? On a graph with C on the horizontal axis and D on the vertical axis, illustrate your answer showing the 15-blueprint isoquant and isocost lines.
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