Question: N5 For each production function, assume that r = 6 and w=2L^0.5. Graph the expansion paths and label carefully. Derive the cost function (C(Q)) for

N5

For each production function, assume that r = 6 and w=2L^0.5. Graph the expansion paths and label carefully. Derive the cost function (C(Q)) for each.

a. Q=10L+ 2K

b. Q= (LK)^1/3

c. Q= min(L, K/2)

d. Q= ln(2L) + 4k

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