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For the Comment below, I posted the question exactly as it is.
So i assume imputs are just regular.Question: For the Comment below, I posted the question exactly as it is.So i assume imputs are just regular.

Show transcribed image text Consider the technology represented by y = (x1)^0.4 (x2)^0.6. Then marginal products are MP_1 = 0.4/x_1 and MP_2 = 0.6/x_2. We now consider the problem of cost minimization. a. Write the problem of cost minimization. Interpret. b. What is the condition that the optimal choice of inputs has to satisfy? Interpret. c. Obtain and interpret the cost-minimization optimal demand function for the two inputs. d. Obtain and interpret the optimal cost function.

Consider the technology represented by y = (x1)^0.4 (x2)^0.6. Then marginal products are MP_1 = 0.4/x_1 and MP_2 = 0.6/x_2. We now consider the problem of cost minimization. a. Write the problem of cost minimization. Interpret. b. What is the condition that the optimal choice of inputs has to satisfy? Interpret. c. Obtain and interpret the cost-minimization optimal demand function for the two inputs. d. Obtain and interpret the optimal cost function.