Now, suppose that the production function is l F{L.H}=n1in{L.qI{} , whereas 11' = 1 and 1* = H. [d] Draw the isoouants of y = l and r = 2, with L in the horizontal axis and K in the vertical axis. Indicate at least three points of each isoquant, providing the corresponding amounts oF labour and capital, ELK}. Does this production Function exhibit increasing, decreasing or constant returns to scale? Justifyr your answer. [5 marks} [e] Derive the equations of the isocost lines corresponding to the costs ('1 = Ii and C2 = E with L in the horizontal axis and K in the vertical axis {you don't need to draw a graph]. Find the total cost of producing 3; units of production. Find the marginal cost and the average cost. {5 marks}