A manufacturing company produces widgets with a production technology represented by the production function y = f(x1,x2) = where x₁ and x2 are the amounts employed of input 1 and 2, respectively. xx, (a) Draw the isoquant curve corresponding to output y (b) 100. Compute the formula for the TRS for the isoquant in (3a). = (c) (5 Draw the isoquant curve for y = 200. (d) (e) points Compute the formula for the TRS for the isoquant in (3c). Compute the formula for the isoquant curve corresponding to a generic output level y. (f) poin Compute the formula for the TRS for the isoquant formula in ( e). NOTE: Here, the TRS-like the isoquant-will involve output level y as a parameter.

Find the marignal and average function for the total functions.  Total product function: Q = aL + bL^2 - cl^3   (a,b,c > 0)

It costs a company $58 to produce 6 units of a product and $78 to produce 10 units. Assuming that the cost is linear, how much does it cost to produce 25 units?

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

Please can I get some help with this question

The slope of an isoquant is A. ΔLTC / ΔQ B.-ΔK / ΔL. C.ΔTVC / ΔQ D. None of the Above

Isoquants have a v slope and, for Cobb-Douglas production functions, are The MRTS is v and is the v of the slope of the isoquant.

1. For each of the cost functions given below, do the following things: C(T) = = 10 + 2T. C(T) = T0.8 (a) Draw the graph for C(T), with T on the horizontal axis. Explicitly the values for the intercepts. (b) Derive AC and MC respectively, and draw their curves. (c) Determine whether the cost function exhibits IRTS or DRTS or CRTS.

A cost function is given. C(q) = 3600 + 5q-0.02q² + 0.00039³ (a) Find the average cost and marginal cost functions. +5 -0.02q +0.0003q average cost 3600 9 marginal cost 5 -0.04q+0.0009q (b) Use graphs of the functions in part (a) to estimate the production level that minimizes the average cost. (Round your answer to the nearest integer.) 194 ✓ units (c) Use calculus to find the minimum average cost. (Round your answer to two decimal places.) $ 32.41 X (d) Find the minimum value of the marginal cost. (Round your answer to two decimal places.) $ 4.56

handwrite and graph