HW 1 Answers

HW 1 Answers - Econ 100B: Tang Winter Quarter 2009 Homework...

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Econ 100B: Tang Winter Quarter 2009 Homework 1: Ch 6 Due Tuesday January 13, at the beginning of class. Please write your name, PID, and section number/TA name on your homework. 1) Assume there is only one way to make a spanish omelette. For each omelette you must use 3 potatoes (P) and 2 eggs (E). a) Assuming there are no other ingredients, what is the production function for a spanish omelette? q=min( (1/3)P, (1/2)E ) b) Plotting eggs on the x-axis, draw the isoquant for 12 spanish omelettes. Draw the isoquant for 18 spanish omelettes. P 54 q=18 36 q=12 24 36 E solid dots at (24,36) and (36,54) 2) Watermelon juice can be produced using watermelons from China (C) or watermelons from Brazil (B). Assume that two watermelons from China can produce one liter of watermelon juice. Also assume that two watermelons from Brazil can produce one liter of watermelon juice. a) What is the production function for watermelon juice? q=(1/2)B + (1/2)C b) Plotting watermelons from Brazil on the x-axis, draw the isoquant for 10
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HW 1 Answers - Econ 100B: Tang Winter Quarter 2009 Homework...

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