Question: ( b ) (` pts ) Using the property log , ( ab ) = log ; ( a ) + log; ( 6 ),

( b ) (` pts ) Using the property log , ( ab ) = log ; ( a ) + log; ( 6 ), show the level curves for C =' and ` = Yard 4 = 1 + log; ( 2 ) and y = 2 + log; (` ) , respectively . Sketch each of these curves on the same graph . 5. ( 4 pts) Recall that a Cobb - Douglas production function has the form P = CI "KB with ca , B . O

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