Question

2. For the production function ?(?, ?) = 10 ?^(1/3) ?^(1/ 3) A)Write down the Lagrangian...

2. For the production function ?(?, ?) = 10 ?^(1/3) ?^(1/ 3)

A)Write down the Lagrangian for the cost minimization problem

B)Find the first-order conditions for the cost minimization problem and e what they mean (economic terms, not math).

C). Find the contingent input demand functions. Give an intuitive explain what they are.

D). Find the firm supply function for a firm that is a price taker. Give an intuitive explanation of what it is.

d. Find the firm supply function for a firm that is a price taker. Give an intuitive explanation of what it is.

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