Question: This is complete question. Please do all steps. Question 4: For the following function: ln(c)=0+1lnw1+2lnw2+lnq 1. What should be the signs of the coefficients 1,2

This is complete question. Please do all steps.

Question 4: For the following function: ln(c)=0+1lnw1+2lnw2+lnq 1. What should be the signs of the coefficients 1,2 and be? Explain, using the characteristics of the (minimized) cost function. 2. What restriction would you place on 1 and 2 in order to satisfy the cost function's property of being homogeneous of degree one in "W"? Explain. 3. What is the interpretation of , in light of the fact that we are working with a homogenous production function? Explain

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