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Y5 How to graph Cobb Douglas and Quasi-linear isoquant functions? a) Cobb Douglas: Q = K x L What is the equation for isoquant for

Y5

How to graph Cobb Douglas and Quasi-linear isoquant functions?

a) Cobb Douglas:

Q = K x L

What is the equation for isoquant for any value of Q? How do I graph an isoquant for these four values of Q: 1,2,3,4,6 and graph in the area where L ranges from 0 to 5 and K ranges from 0 to 5?

b) Quasi-linear

Q = K + ln(L)

What is the equation for isoquant for any value of Q? How do I graph an isoquant for these four values of Q: 1,2,3,4 and graph in the area where L ranges from 0 to 2 and K ranges from 0 to 10?

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