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The production function at Ginko.s Copy Shop is q = 1000 * Min(L; 3K); where q is the number of copies per hour, L is
The production function at Ginko.s Copy Shop is q = 1000 * Min(L; 3K); where q
is the number of copies per hour, L is the number of workers, and K is the number of
copy machines.
(a) Draw the isoquants for q = 3000; q = 6000; and q = 9000 for this production
function.
(b) Draw the total product of labor curve when K = 1.
(c) Draw the average product of labor curve and the marginal product of labor curve
for this production function (again, let K = 1).
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