A firm uses inputs K and L to make output Q but it is constrained to using the three processes A, B and C, or any combination of these processes. Assume inputs and outputs are divisible into small...

A firm uses inputs K and L to make output Q but it is constrained to using the three processes A, B and C, or any combination of these processes. Assume inputs and outputs are divisible into small units.

Process A requires 6 units of K and 1 unit of L to make 100 units of Q.

Process B requires 3 units of K and 3 units of L to make 100 units of Q.

Process C requires 2 units of K and 8 units of L to make 100 units of Q.

Draw an isoquant map to illustrate this firm's production choices.

If the price of K is £40 a unit and the price of L is £90 a unit what is the minimum cost of producing 300 Q7 WiThthe same input prices what is the maximum output that can be produced for a budget of£ 165? Are there any combinations of processes A, B and C that it will never be efficient to use? Can a marginal product curve for L be derived?