Find the cost minimizing, A firm has a production

Find the cost minimizing

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Reference no: EM131000391

A firm has a production function,q=A LaK1−a, where 0<a<1. It wants tominimize cost for a given production q. The wage rate and rental rate on capital are wand r, respectively.a. Write the Lagrangian expression for the cost minimization problemb. Write the first-order conditionsc. Find the cost minimizing L and K

Reference no: EM131000391

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