please answer the following question with work shown thanks! 5) Consider the production functionY=F(K,L) = 2K + VI .sa) Write its differtential, dF(K,L).%3D5L) Draw approximately the isoquant F(K,L)=8in a graph with K on the vertical axis andL on the horizontal axis5c) Calculate the slope of the isoquant ( fordkL=4.

production function Y=F(K,L) = 2K + VI . sa) Write its differential, dF(K,L). Consider the 54) Draw approximately the isoquant F(K, L)=8 in a graph with K on the vertical axis and L on the horizontal axis 5c) Calculate the slope of the isoquant ( ) for dk L=4.

production function Y=F(K,L) = 2K + VI . sa) Write its differential, dF(K,L). Consider the 54) Draw approximately the isoquant F(K, L)=8 in a graph with K on the vertical axis and L on the horizontal axis 5c) Calculate the slope of the isoquant ( ) for dk L=4.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

please answer the following question with work shown thanks!

5) Consider the production function
Y=F(K,L) = 2K + VI .
sa) Write its differtential, dF(K,L).
%3D
5L) Draw approximately the isoquant F(K,L)=8
in a graph with K on the vertical axis and
L on the horizontal axis
5c) Calculate the slope of the isoquant ( for
dk
L=4.

Expert Solution

Step 1

Given

$Y = F (K, L) = \sqrt{L} + 2 K$

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