Write down your personal production function for this course g(l,t, e) € [0,100] where le [0,12] is the number of lectur

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Write Down Your Personal Production Function For This Course G L T E 0 100 Where Le 0 12 Is The Number Of Lectur 1 (89.69 KiB) Viewed 34 times

Write down your personal production function for this course g(l,t, e) € [0,100] where le [0,12] is the number of lectures you attend/watch, t € [0,12] is the number of tutorials you attend/watch and e € [0,100] is the remaining study effort hours you put into doing the assignments. (1 mark) a) What is the value of g(0,0,0) (i.e. what mark do you get for doing nothing at all? (0.5 marks) b) What is the value of g(12,12, 100) (i.e. what mark do you get for studying as hard as possible? (0.5 marks) c) Does your production function exhibit increasing, decreasing or constant returns to scale (at all or some output levels)? Explain. (2 marks)