A bus company is studying the bus fleet combination (small or large buses) to serves its passenger demand. A small bus can carry 40 passengers and a...

A bus company is studying the bus fleet combination (small or large buses) to serves its passenger demand. A small bus can carry 40 passengers and a large bus can carry 100 passengers. To provide a passenger capacity of Q passenger space per hour, it can be met by using x1 small buses per hour and x2 large buses per hour.

1. (a) Develop an equation to describe the production function (i.e. production of passenger space) and make a graphical presentation for the production function showing key points. Draw the isoquants for Q = 400, 800, 1200, and 1600 passenger per hour respectively with