A firm uses two inputs to produce its output, capital (k) and labor (l)

The production function of the firm is given by y=f(k, l)=k^(1/3)l^(1/3)

The output market price is denoted by p and the input prices of capital and labor are denoted by r and w, respectively. There is perfect competition in the output market as well as in both input markets

a) Write down the equation of the isoquants of the production function, in the form of k(l).

Which of the following equation may represent such an isoquant?

Select one:

c) Write down the conditional input demand function for labor by solving the relevant optimization problem! Fill in the blanks! The conditional input demand function of labor is l(y, w, r) = AywrD, where B = C = D=