Question: Production function: y= K^(1/2)L^(1/3) a) solve the cost minimization problem and find expressions for conditional labor demand and conditional capital demand b)find the minimized cost

Production function: y= K^(1/2)L^(1/3)

a) solve the cost minimization problem and find expressions for conditional labor demand and conditional capital demand

b)find the minimized cost function from a)

c)suppose that w=r=1 and suppose that fixed costs are equal to FC=4. find and plot average fixed costs, average variable costs, average total cost and marginal cost

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