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Draw isoquant maps for the following technologies. i) f(L;K) = LKii) g(L; K) = L + 2Kiii) h(L; K) = min(2L; K)

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter11: The Firm: Production And Costs

Section: Chapter Questions

Problem 18P

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Question

Draw isoquant maps for the following technologies.

i) f(L;K) = LK
ii) g(L; K) = L + 2K
iii) h(L; K) = min(2L; K)

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