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Q. No.4. Assume that a firm has a fixed-proportions production function, in which one unit of output is produced using one worker and two units

Q. No.4. Assume that a firm has a fixed-proportions production function, in which one unit of output is produced using one worker and two units of capital. If the firm has an extra worker, say two workers, and no more capital, it still can produce only one unit of output. Similarly, an extra unit of capital does the firm no good.

a. Draw the isoquants for this production function.

b. Draw the total product (TP), average product (AP), and marginal product (MP) of labor curves (you will probably want to use two diagrams) for this production function

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