Question: 1. Let's consider a fixed amount of input k = 16. Find the short-run cost function when the wage w (price of labor [)1s 5

1. Let's consider a fixed amount of input k = 16. Find the short-run cost function when the wage w (price of labor [)1s 5 and the rental rate of capital r (price of capital k) i1s 4 for a firm whose production functionis y = k9251075, Now 1n the long-run, the amount of capital could be chosen freely. What is the long-run cost function with the same wage and rental rate

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