Question: 5. Consider a single-input and single-output technology with a sunk xed cost of 5 units of z. The production function is z) = 0.4(2 5?

5. Consider a single-input and single-output technology with a sunk xed cost of 5 units of z. The production function is z) = 0.4(2 5? + 2U!n{z 4) for 2 2 5. Suppose w = 1. {3.) Graph the production function over the domain 2 E [0, 20]. [b] Graph the cost function for z E [0,20]. (c) Graph the marginal cost function, the awn-age cost function and the supply curve for z E [0,20]. [d] What are the scale propertiee of this production function

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