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Question 5 (3 points) For each of the below production functions, find the minimum cost of producing 2 units of output when input prices are
Question 5 (3 points) For each of the below production functions, find the minimum cost of producing 2 units of output when input prices are w1 = 2 and w2 = 4. Wherever rounding is needed, please round to 3 decimal points. (a) (1.5 points) f( z1, Z2) = [min { z1, 3z2}]2 (b) (1.5 points) f(z1, Z2) = z1 + 22" 0.5
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