1. Mr. Roh purchases a firm that produces widgets by employing machines and workers. Each machine requires exactly three workers to operate. Without three workers, the machine will not work, and any additional worker above three will just stand there doing nothing. When operated this way, the machine produces 30 widgets an hour. Draw some isoquants for this technology and determine the production function.
2. Edna Mode is starting a new clothing business. Bob's estimates his production function to be q = KL^0.5. Bob has 60 units of capital (K = 60). Derive Bob's MP and AP of labor for the current level of capital.