Suppose you've determined that the new production function to show how much wood can be ford no chucked may be represented by: y = 201 - 83 + xt olobit s oals ai grodT Now hoow nowth woll Where y = total amount of wood chucked (lbs.) in one day, x = food intake (oz.) per day, and t = time (hours) spent chucking wood. wod sud at gird'll a. What is the maximum amount of wood that can be chucked when the woodchuck is fed 16 oz of food? How many hours does the woodchuck chuck wood to achieve this? Same questions for when the woodchuck is fed 8 oz of food. b. Derive the isoquant equation that shows the relationship between time and food when 500 1bs. of wood is chucked per day and 1000 1bs. of wood is chucked per day. Plot the isoquant curves using these equations in Microsoft Excel using food intake (x) as the dependent variable. c. Are the input factors (food and time) technically independent, complementary, or competitive? Show how you determine this