Question: Please help me. Derive the cost function, c(w, y), and conditional factor demand functions, x(w, y), for each of the following CRS production functions (technologies):

Please help me.

Derive the cost function, c(w, y), and conditional factor demand functions, x(w, y), for each of the following CRS production functions (technologies): a. f(x) = x1+x2 b. f(x) = min{x1, x2} 1 c. f(x) = (x/ +x2)P,p

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