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7. Lorelai and Sookie decide to start a catering business. Their production function for trays of hors d'oeuvre is f (K, L) = K^(1/2) L^(1/2)
7. Lorelai and Sookie decide to start a catering business. Their production function for trays of hors d'oeuvre is f (K, L) = K^(1/2) L^(1/2) where K is capital and L is labor (a) On the graph below, plot some combinations of inputs that generate an output of 4 trays without exceeding 8 in the graph. Sketch the isoquant that runs through these points (you should use at least 4 points). Label it I1
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