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To produce a music recording, q (output) = 1, a firm uses one USB flash drive, D =1 and the services of a recording machine,
To produce a music recording, q (output) = 1, a firm uses one USB flash drive, D =1 and the services of a recording machine, M=1, for one hour. Each additional recording will require this combination of inputs. Each music recording will require a new flash drive and an additional hour of the recording machine.
(a) Draw the isoquants for this production function and explain its shape.
(b) What is the slope of the isoquants for this production function. Please explain.
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