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

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