At Joey's Lawncutting Service,the production function is represented as: q = min(m,l),where q is the quantity of lawns mowed.The inputs are m,the lawn mower,and l,the laborer.Which graph in the above figure best represents the isoquants for Joey's Lawncutting Service when Capital per day is on the vertical axis and Labor per day is on the horizontal axis?

Question

Quizplus · Accepted Answer

The isoquants for Joey's Lawncutting Service are L-shaped, with the vertical segment representing the constraint that the quantity of lawns mowed is limited by the number of laborers, and the horizontal segment representing the constraint that the quantity of lawns mowed is limited by the number of lawn mowers. Graph A is the only graph that shows L-shaped isoquants.

At Joey's Lawncutting Service,the Production Function Is Represented As: Q