Question 3 Cobb-Douglas production function: f ( 21, Z2) = 23 . Solve the profit maximization problem for factor demands z(p, w1, w2). . Find the supply function q(w1, w2, p). (Hint: Just substitute the factor demands back into the production function) . Derive the profit function 7(w1, w2, p). . Solve the cost minimization problem for conditional factor demands z(w1, w2, q). . Now, find the cost function c(w1, w2, q)