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Write down your personal production function for this course (, , ) [0,100] where [0,12] is the number of lectures you attend/watch, [0,12] is the

Write down your personal production function for this course (, , ) [0,100] where [0,12] is the number of lectures you attend/watch, [0,12] is the number of tutorials you attend/watch and [0,100] is the study effort in hours you put into doing the assignments.

a) What is the value of (0,0,0) (i.e. what grade do you get for doing nothing at all)?

b) What is the value of (12,12, 100) (i.e. what grade do you get for studying as hard as

possible?

c) Does your production function exhibit increasing, decreasing or constant returns to scale (at

all or some output levels)? Explain.

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