Yvette's Yard Service mows lawns. The only way to mow a lawn is for one worker to use one lawn mower for one day. Two workers with one lawn mower or one worker with two lawn mowers can still mow only one lawn per day.
a. Draw Yvette's 1-unit isoquant.
b. Assuming that Yvette's technology exhibits constant returns to scale, draw several more isoquants.
c. Assuming that Yvette rents lawn mowers for $4 each per day and pays workers $6 each per day, draw some of Yvette's isoquants. Draw the expansion path.
d. Yvette has signed a contract to rent exactly 5 lawn mowers. Illustrate the following, using tables, graphs or both: the total product and marginal product of labor, the short-run total cost, variable cost, average cost, average variable cost, and marginal cost; the long-run total cost, average cost, and marginal cost.