A fast computer produces 4 exams per hour while a slow computer produces 2 exams per hour.

a) The shape of this isoquant is

Answer

Linear

L-shaped

Convex to Origin

Horizontal

Vertical

b) How many fast computers do you need to produce 40 exams?

Fast Computers= Answer.

b) How many slow computers do you need to produce 40 exams?

Slow Computers= Answer.

c) What is the MRTS of this isoquant if slow computers are on the x-axis and fast computers on the y-axis? 2

1/2

1

Does not Exist