Question: 2. Consider the production function y (x1, x2) = Axl a x2 B where a +8 . 1. Assume input prices are wl and w2,

2. Consider the production function y (x1, x2) = Axl a x2 B where a +8 . 1. Assume input prices are wl and w2, and the cost is given by C. a. Show that this production function exhibits CRTS b. Calculate the cost minimizing input demand functions c. What is the cost function, C (y, w1, w2)

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