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1. Definitions One production, cost function is c(w, g=min WX x≥0 St.f(x)≥q The optimal solution x(w, q), is the conditional factor demand function Question1: calculate the conditional factor demand function of c-d tech and ces tech lecture 3 for Chu Kechen Honors Collegelecture3 for Chu Kechen Honors College 1.Definitions ▪ One production, cost function is ▪ The optimal solution x(w,q), is the conditional factor demand function. ▪ Question1:calculate the conditional factor demand function of C-D tech. and CES tech. 0 ( , ) min . . ( ) x c q s t f x q  =   w w x
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