Question: Consider a firm with production function given by (,)= If the prices of labor and capital are given by the constant vector(,)=(1,3), what is the

Consider a firm with production function given by

(,)=

If the prices of labor and capital are given by the constant vector(,)=(1,3), what is the minimum cost at which the firm can produce 3 units of output if both capital and labor are variable?

(round to one decimal place if needed)

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