Question: 9a and 9b 9. Consider a firm with production function f(z1,z2)=z11z22, where 1,2>0 are parameters. Fix output price p>0 and input prices w1,w2>0. (a) Suppose

9a and 9b 9. Consider a firm with production function f(z1,z2)=z11z22, where 9a and 9b

9. Consider a firm with production function f(z1,z2)=z11z22, where 1,2>0 are parameters. Fix output price p>0 and input prices w1,w2>0. (a) Suppose that 1=2=1/3. Derive the firm's supply functions. You can assume that the firm's production set is convex. (b) Suppose that 1=2=1/2. Derive the firm's supply functions. You can assume that the firm's production set is convex

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