Microeconomics,, 16th Canadian Edition

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K L Q


10 5 —


10 10 —


10 15 —


10 20 —


10 25 —


10 30 —


10 40 —


10 50 —


b. Using the values from the table, plot the values of Q and
L on a scale diagram, with Q on the vertical axis and
the horizontal axis. (This is analogous to the TP curve in
Figure 7-1 .)
c. Now suppose that K increases to 20 because the firm
increases the size of its widget factory. Re-compute the


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