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Q.4) (7 m) a) Considering the same CES production function as in Q2 if you want to produce 100 units of output and per unit labour cost is $40 while per unit cost of capital is $10. What would be the minimized cost? Suppose a= 0.4; B= 0.6; and p= 0.5 and constant returns to scale. b) How would k// ratio respond to fall in value of p? Explain your answer c) Would there be any impact on input demands and cost if there are increasing returns to scale? Discuss your answer.Q.4) (7 m) a) Considering the same CES production function as in Q2 if you want to produce 100 units of output and per unit labour cost is $40 while per unit cost of capital is $10. What would be the minimized cost? Suppose a= 0.4; B= 0.6; and p= 0.5 and constant returns to scale. b) How would k// ratio respond to fall in value of p? Explain your answer c) Would there be any impact on input demands and cost if there are increasing returns to scale? Discuss your