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Friendly Family Flamingos (FFF) is located in Florida and makes plastic flamingo lawn ornaments. Their production function is given by f(x1,x2)=min{x1,2x2}, where x1 is the amount of plastic used, x2 is the amount of labour used, and f(x1,x2) is the amount of flamingos produced. a. Draw a production isoquant representing input combinations that will produce 4 flamingos. Draw another production isoquant representing combinations that will produce 5 flamingos. ( 2 marks) b. Does this production function exhibit increasing, decreasing, or constant returns to scale? (1 mark) c. If FFF wanted to produce 10 flamingos, how much plastic would it need? How much labour? (2 marks) d. If the firm faces factor prices (1,1), what is the cheapest way for it to produce 10 flamingos? How much will it cost? (2 marks) e. If the firm faces factor prices (w1, w2), what is the cheapest cost to produce 10 flamingos? (1 mark) f. What are the conditional demands for inputs? (2 marks) g. What is the firm's total cost function? (2 marks) Friendly Family Flamingos (FFF) is located in Florida and makes plastic flamingo lawn ornaments. Their production function is given by f(x1,x2)=min{x1,2x2}, where x1 is the amount of plastic used, x2 is the amount of labour used, and f(x1,x2) is the amount of flamingos produced. a. Draw a production isoquant representing input combinations that will produce 4 flamingos. Draw another production isoquant representing combinations that will produce 5 flamingos. ( 2 marks) b. Does this production function exhibit increasing, decreasing, or constant returns to scale? (1 mark) c. If FFF wanted to produce 10 flamingos, how much plastic would it need? How much labour? (2 marks) d. If the firm faces factor prices (1,1), what is the cheapest way for it to produce 10 flamingos? How much will it cost? (2 marks) e. If the firm faces factor prices (w1, w2), what is the cheapest cost to produce 10 flamingos? (1 mark) f. What are the conditional demands for inputs? (2 marks) g. What is the firm's total cost function? (2 marks)