Consider again the production function for DVDs: Q= (Kl)^2-L^3. a) Sketch a graph of the isoquants for this production function. b) Does this production function have an uneconomic regoin?Why Or Why not?

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Consider again the production function for DVDs: Q= (Kl)^2-L^3.

a) Sketch a graph of the isoquants for this production function.

b) Does this production function have an uneconomic regoin?Why Or Why not?

45
40
35
30
25
-Q=10
20
+Q=20
15
+Q=40
10
2
4
6.
8
10
12
Whats happening here?
Transcribed Image Text:45 40 35 30 25 -Q=10 20 +Q=20 15 +Q=40 10 2 4 6. 8 10 12 Whats happening here?
Q=10
Q=20
25
L
K
K
20
1
11
21
2
4.5
7
15
3
4.1
5.2
-Q=10
4
4.625
5.25
10
-Q=20
5.4
5.8
5
6.27
6.55
7
7.20
7.41
10
15
8
8.15
8.31
9.
9.12
9.25
10
10.1
10.2
Transcribed Image Text:Q=10 Q=20 25 L K K 20 1 11 21 2 4.5 7 15 3 4.1 5.2 -Q=10 4 4.625 5.25 10 -Q=20 5.4 5.8 5 6.27 6.55 7 7.20 7.41 10 15 8 8.15 8.31 9. 9.12 9.25 10 10.1 10.2
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