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Q.Power Goat Lawn Company uses two sizes of mowers to cut lawns. The smaller mowers have a 24-inch blade and are used on lawns with many trees and obstacles. The larger mowers are exactly twice as big as the smaller mowers and are used on open lawns where maneuverability is not so difficult. The two
production functions available to Power Goat are:
OUTPUT PER HOUR CAPITAL INPUT LABOR INPUT
(#of 24 " mowers )
large mowers 8000 2 1
small mowers 5000 1 1
a. Graph the q = 40,000 square feet isoquant for the first production function. How much k and l
would be used if these factors were combined without waste?
How do we solve such questions ? I know this is a fairly basic question but i jut can't figure out how to go about solving numericals related to production functions. Please help !!
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