You are given the production function y=xx2, where y is the output and x, and x2...

  

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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 w₂. Derive the (cost) conditional input demand functions that are obtained from output maximization given a cash constraint. Let y=x₁x₂. 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). 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 w₂. Derive the (cost) conditional input demand functions that are obtained from output maximization given a cash constraint. Let y=x₁x₂. 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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