Consider a Cobb-Douglas production function given by

.

Consider a particular iso curve of functionwith implicit functionthat pass through.

Compute the slope of the above iso curveat point. Hence estimate the increase in laborto maintain the current level of production when capitaldecreases by 1 unit.

Consider a CobbDouglas production function given by Q(K, L) = whit- Consider a particular iso curve of function Q( K 3 L) with implicit function L = 9(K) that pass through (K,L) = (1,1)- Compute the slope of the above iso curve 9' (1) at point (I{'' L) = (11 1). Hence estimate the increase in labor L to maintain the current level of production when capital K decreases by 1 unit