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Question 1 Twixflix is an online platform that produces food travel documentaries. To produce one episode, one presenter (a worker Z) must stand in
Question 1 Twixflix is an online platform that produces food travel documentaries. To produce one episode, one presenter (a worker Z) must stand in front of one camera (capital K). If there are many people presenting, or if multiple cameras are used to shoot the same presenter, only one episode will be produced, so the production function is Y min {K, L}, where Y is the number of episodes produced, K the amount of cameras used and L 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. [5 marks]
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