Question 1 Twixflix is an online platform that produces documentaries. To produce one episode, one presenter (a worker ) front of one camera (capital K). If there are many people presenting. Q cameras are used to shoot the same presenter, only one episode will ed/ so the production function is Y = min {K. L), where Y is the number of episodes rodused/K the amount of cameras used and Z the amount of presenters hired a) What is an isoquant? Draw a few isoquants that correspond to the production function for episodes of travel food documentaries. 15 marks b) Does the production function display increasing returns to scale? [5 marks c) Twixflix wishes to produce 20 episodes. The rental cost of a camera is f150 and presenters are paid $300 per episode. How many cameras and presenters will the company demand? Show the optimal bundle on your diagram. What is the cost associated with producing 20 episodes? 10 marks