Question: You are given the production function y=xx2, where y is the output and x, and x2 are two inputs. Assume constant factor prices wi
You are given the production function y=x"x2", where y is the output and x, and x2 are two inputs. Assume constant factor prices wi and w. Derive the (cost) conditional input demand functions that are obtained from output maximization given a cash constraint. Let y=xx. Derive the associated indirect production function. For convenience you may assume constant returns to scale. Derive the (cost) conditional input demand functions from the indirect production function in k).
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