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5. The production function for puffed rice is given by q = 100(KL) 1/2 where q is the number of boxes produced per hour, K

5. The production function for puffed rice is given by

q = 100(KL)1/2

where q is the number of boxes produced per hour, K is the number of puffing guns used each hour, and L is the number of workers hired each hour. A. Calculate q = 1,000 isoquant for this production function and show it on a graph.

B. If K = 10, how many workers are required to produce q = 1,000? What is the average productivity of puffed-rice workers?

C. Suppose technical progress shifts the production function to q = 200(KL)1/2, answer part a and b for this case.]

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