Santos, Christian B.

BSA 3rd Year

1.)

Isoquant
50
45
40
35
30 Q1 = 600
K 25 Q2 = 900
20 Q3 = 1,200
15
10
5
0
0 1 2 3 4 5 6 7 8 9 10
L

Isocost
50
45
40
35
30 TC1
TC2
K 25 TC3
20
TC4
15
10
5
0
0 1 2 3 4 5 6 7 8 9 10
L
2.)

Cost-Minimizing Equilibrium
50
45
40
Q1
35
Q2
30 Q3
K 25 TC1
20 TC2
15 TC3
10 TC4
5
0
0 1 2 3 4 5 6 7 8 9 10
L

3.)

Cost of Curve
600

500

400

TC 300
200

100

0
500 600 700 800 900 1000 1100 1200 1300
Q