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2. Consider again the production function for lava lamps: () = KL -L. a. Sketch a graph of the isoquants for this production

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have q- KL^2-L^3 Then Let he oul puk be a we Thisimples whave K (a+L^3) /LAa The isoquants ase ghaan below fos a- 100,a0, 300To Pind the uneconomic we find ge MPL and MPK. have MPL aLK - 3L12 have we Then MPK- LA2 We IP we gee he isouants we ae Hat t

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2. Consider again the production function for lava lamps: () = KL -L'. a. Sketch a graph of the isoquants for this pro...
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