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Please find the question in the attached doc. 1 0 1. The following shows different technologies for producing 100 metres of cloth. Technology Number of

Please find the question in the attached doc.

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1 0 1. The following shows different technologies for producing 100 metres of cloth. Technology Number of workers Coal required (tonnes) A 5 2 B 7 3 C 3 4 D 4 6 E 2 7 F 8 5 a) Show the different technologies on a graph with the number of workers on the horizontal axis and tonnes of coal on the vertical axis. (2 marks) E b) Which technologies would not be chosen by firms? Explain. Now you can cross out these technologies from the table and not use them for the rest of the questions. (1 mark) Your answer. c) Of the remaining technologies, what determines the technology a firm would choose? (1 mark) Your answer. d) Assuming the wage is $7, and the cost of coal is $7 per tonne, calculate the total cost of different technologies for producing 100 metres of cloth. What is least cost technology/technologies? Sketch the isocost lines for these input prices on a graph representing technologies. (2 marks) Your answer. 19 7 8 0

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