ECON 517 3. Indicate whether the following production functions are increasing, constant or decreasing RTS? a. q = 31 + 2K b. q = (21 + 2K)z C. q = 3LK2 4. Mcdonalds can produce Big Macs for its customers using two separate production technologies: Production Function 1: q = 5KLz or Production Function 2: q = 6K + 10L. 25 20 15 10 10 15 Wa. Suppose McDonalds is using 8 units of capital and 9 units of labor (K, L) = (8, 9) to produce Big Macs. They are using production technology one. How many Big Macs can they make with this input mix? Plot this input mix on your graph as point A. b. Plot the isoquant associated with the output found for the (8, 9) input mix. Label it as q = c. Can Mcdonalds still produce the same number of Big Macs using (K, L) = (8, 9) under production technology two? If yes, is that an efficient level of output to produce given the input mix? d. Plot the isoquant associated with the output found for the (8, 9) input mix under production function two. Label it as q = _. e. Mcdonalds would like to only use robots and computers to produce Big Macs. With this goal in mind, which production function would it use