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2016-01-21 22:06:56 Post No. 7800653
Post No. 7800653
Hello /sci/ I was wondering if a kind Anon could assist me for a second.
The trouble I have is with the question is:
A production formula is given as q = 5Log(1+(Qa^1/2)Qk)
Where Qa is the Quanity of labour and Qk is the quantity of Capital and Q is the total produced amount.
The question is as following:
Make the isoquant with Qa = 16 and Qk = 6 and Qa should be on the X Qk on y axis.
The price of one unit of labour is 4 units and that of capital is 2.
Now I have to make a chart of this but I have no clue how to integrate it.
So far I have solved q = 5Log(1+(Qa^1/2)Qk)
Where Q= 2 and Qk= 24/Sqrt(Qa)
How do I go from there?