(See Steps) A company has a production function given by f(x,y)=min 2x,2+y and another has a production function given by g(x,y)=x+min x,y . Graph the isoquants


Question: A company has a production function given by \[f(x,y)=\min \left\{ 2x,2+y \right\}\] and another has a production function given by \[g(x,y)=x+\min \left\{ x,y \right\}\] .

  1. Graph the isoquants of each production function.
  2. Do each of these functions have increasing, decreasing or constant return to scale.

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