In recent years, the use of mobile computing
devices in production processes of many types has increased
tremendously. New software applications have been created to solve
business and engineering problems; at the same time, production of
mobile devices has become much more efficient, allowing prices to
fall drastically. Suppose a production process uses two inputs:
labor (L) and mobile computing devices (K).

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Question: In recent years, the use of mobile computing devices in production processes of many types has in…
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a) Draw a series of isoquant maps in the
diagrams provided showing how the development of these computer
resources changed the production options available to many
firms.

b) On a separate diagram, draw a series of isocost curves showing how falling prices of
computers changed firms

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