Question: i need help with the following 3. (35 points) A firm has a production function given by f($1, 12) = ]1;, where I] and I2

i need help with the following

3. (35 points) A firm has a production function given by f($1, 12) = ]1;, where I] and I2 are the two inputs used to produce output y. Let the price the firm pays per unit of input 1 be wi, and the price the firm pays per unit of input 2 be w2. The firm is planning to produce y units of output.Long-run cost-minimization: (a) Derive the firm's conditional input demand functions and its total cost function. (b) Find the average total cost function and the marginal cost function. Does the average total cost remain constant, increase or decrease as output increases? What do we observe hat? Justify your

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