Tutorial Questions for Week 5 beginning March 28th[Easter week]1.Laserex, a manufacturer of lasers, reports that the marginal product of labour is 12 units ofoutput per hour of labour, and that the marginal rate of technical substitution of labour forcapital is 4. What is the slope of the isoquant? What is the marginal product of capital?Assume K is on vertical axis and L on horizontal axis for the definition of slope of isoquant.2.(Perloff) The production at a copy shop is1000min( ,3)qLK, whereqis the number ofcopies per hour,Lis the number of workers, andKis the number of copy machines. As anexample, if2Land1K, thenmin( ,3)2LK, and2000qa.Draw the isoquants for this production function.b.Draw the total product, average product, and marginal product of labor curves for thisproduction function for some fixed level of capital..