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Assume that fruit-picking can be done by children or adults, but that adults are twice as efficientas efficient as children (they pick twice as fast)....
Assume that fruit-picking can be done by children or adults, but that adults are twice as efficientas efficient as children (they pick twice as fast). The production function forfruit-picking is thus10 (2 ) Q LA LCwhere output is measured in bushels of apples, labour is measured in days, LA is the number ofdays of adult labour, and LC is the number of days of child labour.(a) Depict the isoquants for a typical orchard (in terms of fruit-picking).(b) Assume the wage rate of adults is $100 per day, and the wage for children is $60 per day.Show the isocost lines.(c) Show the profit-maximizing input choice where the profit-maximizing output is 1000bushels of apples. Depict the scale and substitution effects if the wage of child labour fallsto $25 per day.
