3.2 Finding the optimal level of input (20 points)\ Solve the problem you just formulated to find the optimal level of the first input, fi.e.,

G_(1)^(**)

.\ Would there be an optimal choice if

\\\\gamma _(1)>1

?\ 3.3 Elasticity (20 points)\ What is the elasticity of

Y

with respect to

G_(1)

, i.e., the sensitivity of output to input

G_(1)

?\

3.2 Finding the optimal level of input (20 points) 1. Solve the problem you just formulated to find the optimal level of the first input, { i.e., G1. 2. Would there be an optimal choice if 1>1 ? 3.3 Elasticity (20 points) What is the elasticity of Y with respect to G1, i.e., the sensitivity of output to input G1