A firmhas a production function given by f(xl,x2) = min(2x1 +

x2,xl
2x2). What is the cost function for this technology? What is
the conditional demand function for factors 1 and 2 as a function of factor
prices (wl, w2) and output y? A firm has a production function of the form f (xl, x2) = max{zl, 22).
* Does this firm have a convex or a nonconvex input requirement set? What
is the conditional factor demand function for factor l? What is its cost
function?
5.6. Consider a firmwith conditional factor demand functions of the form
Output has been set equal to 1 for convenience. What are the values of the
parameters a, b, and c and why