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QUESTION
1) For a company whose production function is given as F (X1, X2) = X1aX2β; a) Find the factor demand functions b) Find the output (supply) function C) Find the profit function 2) For a company whos
1) For a company whose production function is given as F (X1, X2) = X1aX2β;
a) Find the factor demand functions
b) Find the output (supply) function
C) Find the profit function
2) For a company whose production function is given as F (X1, X2) = X1aX21-a;
a) Find the conditional factor demand functions
b) Find the cost function
C) Are the properties of the cost function provided? Show for each of them
