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Suppose the production function is F(K,L)=K^2*L^2 If Pl=Pk=1, find the cost minimizing input mix to make...

Suppose the production function is F(K,L)=K^2*L^2

  1. If Pl=Pk=1, find the cost minimizing input mix to make 10000 units. What is the cost of production?

  2. Repeat if Pk increases and is now 2 (don’t worry about non-round answers). What is the new cost of production?

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