Graph the isoquants in terms of labor inputs leisure

Reference no: EM1312951

A firm has offices in London and New York. Fractional units of labor can be employed in each location (as part-timers can be hired) and the headquarters could be in either city. The minimum viable office staff is one full-time employee, and the minimum size of headquarters is three full-time staff. Sketch the isoquants, in terms of labor inputs into the two offices, and explain why these isoquants are not convex.

Reference no: EM1312951

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