If Sunny Company can produce 10 units per day(Q=10) with the help of a machine (k) and two workers Suzy and Missy (l). The production function is q=10*min(k,l/2)

Draw isoquants for q=20,60 & 100

If r=$200 (cost of renting the machine) and w=$300 then, what is the minimum cost while producing 60 units. (q=60) Draw the "equal cost line". What is the optimal k l and the cost of 60 units?

What happens if r increases to $300. What is our new k, l and the cost of producing ?

iii) Calculate v, w, and q without using the values of price and quantities.

Iv) Calculate the Shepard Lemma for iii

V) What will happen if the company is in the short term and the number of machines are fixed at 6. Draw a TP curve showcasing labor curves for even or odd numbers of workers hired. Consider labor from 0-20. Graph, APL, and MPL as well in a different graph. Explain.