Question: 2. Suppose that in a given production process a blueprint can he produced using either an hour of computer time or 1 hours of a

 2. Suppose that in a given production process a blueprint can

2. Suppose that in a given production process a blueprint can he produced using either an hour of computer time or 1 hours of a manual draftsman's time. Assume that computer time and manual draftsman's time are perfect substitutes. Thus, for example, the rm could also produce a blueprint using G hour of computer time and 2 hours of a manual draftsman's time. 2.1 1Write down the production function corresponding to this process. 2.2 Suppose the price of computer time is ll] and the wage rate for a manual draftsmau is 5. The rm has to produce 15 blueprints. 1What are the costminimizing choices of the two input? (No calculus is needed, the optimal input bundle is a oorner solution.) 011 a graph with computer time on the horizontal axis and draftsman's time on the 1vertical axis. illustrate your answer showing the lblueprint isoquant and isocost lines

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