A fast computer produces 4 exams per hour while a slow computer produces 2 exams...
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A fast computer produces 4 exams per hour while a slow computer produces 2 exams per hour.
a) The shape of this isoquant is
Answer
Linear
L-shaped
Convex to Origin
Horizontal
Vertical
b) How many fast computers do you need to produce 40 exams?
Fast Computers= Answer.
b) How many slow computers do you need to produce 40 exams?
Slow Computers= Answer.
c) What is the MRTS of this isoquant if slow computers are on the x-axis and fast computers on the y-axis? 2
1/2
1
Does not Exist
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