Question: Consider a firm which utilizes the neo - classical production function given by the equation f(K,L) = AK LT where K is the capital stock

Consider a firm which utilizes the neo - classical production function given by the equation f(K,L) = AK LT where K is the capital stock and L is the labor supply employed. Assuming this firm rents its factors of production from perfectly competitive factor markets, the rental prices of capital and labor are denoted by and . Derive this firm's cost functioc(w, ry)n for a generic output level y by solving its cost minimization

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