a) Suppose that output q represents the number of products produced, K is the number of machines , L is the number of workers used.To produce one unit of q , one must can use 1 machine OR 4 workers. The cost of a unit of K is r=100, and cost of a unit of L is w=20.First, draw the isoquant for q=10.Next draw the isocost for C=2000.Using your isoquant-isocost diagrams, identify the cost -minimizing number of machines and workers to to produce q=10 products per hour.

b) What is MRTS_K,L for the following production function: Q=KL²? is this technology CRS,IRS or DRS?

C) What is MRTS_K,L for the following production function: Q=2K+L? is this technology CRS,IRS or DRS?