Question: Question 2. (3 points) Consider the following Total Cost function: TC(Q, w, r) = 4x/w'rQ 1 1. Use Shephard's lemma to obtain the conditional input

Question 2. (3 points) Consider the following Total Cost function: TC(Q, w, r) = 4x/w'rQ 1 1. Use Shephard's lemma to obtain the conditional input demand functions L* (Q,w,'r) and K*(Q,w,r). (1 point) 2. Use the results you obtained in part 1. above to obtain the production function associated to this cost function. (2 points)

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