1.For each of the following situations, draw the firm's isoquant. Be sure to label your graph carefully and accurately.

a) q = 2*MIN(2L,K). Draw the isoquant for q = 12.

b) Does this production function exhibits increasing, constant, or decreasing returns to scale?

Answer: _____________________

c) q = L*K. Draw the isoquant for q = 12.

d) Does this production function exhibits increasing, constant, or decreasing returns to scale?

Answer: _____________________

e) q = 5L + 2K. Draw the isoquant for q = 20.

f) (2 points) Does this production function exhibits increasing, constant, or decreasing returns to scale?

Answer: _____________________