In an economy the activity of digging holes in the ground is carried out by self-employed labourers (single-person firms). The production of one standard- sized hole requires a minimum input of one unit of labour. No self-employed labourer can produce more than one hole.
1. Draw the technology set Q for a single firm.
2. Draw the technology set Q for two firms.
3. Which of Axioms 6.1 to 6.6 are satisfied by this simple technology?