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Prunella raises peaches. Where L is the number of units of labor she uses and T is the number of units of land she uses,
Prunella raises peaches. Where L is the number of units of labor she uses and T is the number of units of land she uses, her output is f(L; T) = L^1/2T^1/2 bushels of peaches.On a graph, plotthreeinput combinations that give her an output of 4 bushels. Sketch a production isoquant that runs through these points.Is this curve getting steeper or flatter as the amount of labor increase?
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