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1) Suggest a production function that describes each of the following a) An economist can record one video lecture per hour if and only if
1) Suggest a production function that describes each of the following
a) An economist can record one video lecture per hour if and only if he has one cup of coffee per hour. V = f(l, c)
b) A university can choose between having a grad student or professor produce video lectures. The professor can work 20% faster than the student. V = f(ls, lp)
c) The university realizes that while a professor can put out 6 videos per day to the students 5, together they can produce 12 per day. V = f(ls, lp)
d) Are any of your answers above unique?
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