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Given Q=4x 1/2 +2y 1/2 . P, Wx, and Wy are prices for output, input x, and input y respectively. MPx=2 x -1/2 and MPy=

Given Q=4x^1/2+2y^1/2. P, Wx, and Wy are prices for output, input x, and input y respectively. MPx=2 x^-1/2and MPy= y^-1/2.

a) Derive the short run cost function.

b) Derive the long run total cost function.

Could you please help me with this problem?

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