Question

To produce a recorded DVD, q = 1, a firm uses one blank disk, D = 1, and the services of a recording machine, M = 1, for one hour.
a. Draw the isoquants for this production function and explain its shape.
b. What is the MRTS at each point along the isoquant corresponding to q = 100?
c. Draw the total product, average product, and marginal product of labor curves (you will probably want to use two diagrams) for this production function.



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  • CreatedNovember 13, 2014
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