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The firms production function is: Q=2L^2/3 K^1/3 A) Suppose the firm wants to determine the cost...

The firms production function is: Q=2L^2/3 K^1/3

A) Suppose the firm wants to determine the cost minimizing combination for L and K for any given values of q, w, and r. Solve for the the firms factor demand functions for L and K (i.e. express the optimal quantity of L and K in terms of W, r and Q)

B) Using these factor demand functions, solve for the firm's long run cost function.

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