1. For the following production functions, find the firm's (long run) conditional factor demand functions for inputs 1 and 2 and the firm's minimum cost function. a. f(x1, x2) = x" x 6/7,1/7 %3D

Microeconomic Theory
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ISBN:9781337517942
Author:NICHOLSON
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Chapter10: Cost Functions
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Problem 10.6P
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1. For the following production functions, find the firm's (long run) conditional factor
demand functions for inputs 1 and 2 and the firm's minimum cost function.
a. f(x1, x2) = x" x"
6/71/7
Transcribed Image Text:1. For the following production functions, find the firm's (long run) conditional factor demand functions for inputs 1 and 2 and the firm's minimum cost function. a. f(x1, x2) = x" x" 6/71/7
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