3. Frisbees are produced according to the production function q = 2K + L, where q = output of frisbees per hour, K = capital input per hour, and L = labor input per hour.

3.1 If K = 10, how much L is required to produce 100 Frisbees per hour?

3.2 If K = 25, how much L is required to produce 100 Frisbees per hour?

3.3 Graph the q = 100 isoquant. Indicate the points on that isoquant defined in questions 3.1 and 3.2. What is therate of technical substitution (RTS)along this isoquant? Explain why the RTS is the same at every point on the isoquant.

3.4 Suppose technical progress resulted in the production function for Frisbees becoming q = 3K + 1.5L. Answer questions 3.1 - 3.3 for this new production function and discuss how it compares to the previous production function.

Please include graph and figure for 3.3 and 3.4