Question: Suppose the production function is given by and that . = 2 102 = 4. and y = 49 Set up the cost minimi zation

Suppose the production function is given by and that . = 2 102 = 4. and y = 49 Set up the cost minimi zation problem (No Lagrangian) (+4 points) Set up the Lagrangian (+4 points) Find the FOC 's points Solve for cost minimizing inputs and minimum cost (+6 point

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