Solve all questions compulsory.. A construction company in Dubai is tasked with building a multi-story skyscraper.The number of stories built, qS, is a function of amount of labor used qL and thenumber of cranes, qK. The figure shows two production functions with qL variableand qK fixed at 2 and 4. Approximately how many fewer workers are required if itbuilds 20 stories with 4 cranes compared to 2 cranes?To review this concept, see the section The Production Function.quantity of stories (qs)403530252015(3,15)10565432349k=4(6,30)69k=2quantity of laborers (q) A software company uses coders (qL) and computers (qK) to produce softwareprograms. The figure shows an isoquant for the production 20 programs. At point F,the marginal product of labor is compared to point M.To review this concept, see the section Isoquants.quantity of computers(qk)501454035302520F(3,20)1510M (10,6)5=205 10 15 20 25 30 35 40 45 50quantity of coders (q)Description of graphical plane: Quantity of computers (q k) plotted on the y axisfrom 0 to 50 in increments of 5 and quantity of coders (q 1) plotted on the x axisfrom 0 to 50 in increments of 5. Description of plotted curves: A red downwardsloping convex curve is labeled q equals 20 and goes through the points F atcoordinate 3 comma 20 and M at coordinate 10 comma 6.A software company uses coders (qL) and computers (qK) to produce softwareprograms. The figure shows an isoquant for 30 programs. Currently, managementemploys 20 coders and produces 30 programs. Management has announced thatthey intend to to cut the number of coders in half. How many more computers tothey need to buy to maintain production of 30 programs?To review this concept, see the section Isoquants.quantity of computers(qk)504540(10,36)35302520(20,18)15105(40,9)4-305 10 15 20 25 30 35 40 45 50.quantity of coders (q)lowernot enough information to tellequalhigher1091820

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A construction company in Dubai is tasked with building a multi-story skyscraper. The number of stories built, qS, is a function of amount of labor used qL and the number of cranes, qK. The figure shows two production functions with qL variable and qK fixed at 2 and 4. Approximately how many fewer workers are required if it builds 20 stories with 4 cranes compared to 2 cranes? To review this concept, see the section The Production Function. quantity of stories (qs) 40 35 30 25 20 15 (3,15) 10 5 4 9k=4 (6,30) 9k=2 5 6 7 quantity of laborers (q)