Order the answer to: The prices of inputs (x1, x2, x3, x4) are (4,

Academic Help business economics Order the answer to: The prices of inputs (x1, x2, x3, x4) are (4,

business economics

Order the answer to: The prices of inputs (x1, x2, x3, x4) are (4,

Question The prices of inputs (x1, x2, x3, x4) are (4, 1, 3, 2).
(a) If the production function is given by f(x1, x2) = min{x1, x2}, what is the minimum cost of producing one unit of output?
(b) If the production function is given by f(x3, x4) = x3 + x4, what is the minimum cost of producing one unit of output?
(c) If the production function is given by f(x1, x2, x3, x4) = min{x1 + x2, x3 + x4}, what is the minimum cost of producing one unit of output?
(d) If the production function is given by f(x1, x2) = min{x1, x2} + min{x3, x4}, what is the minimum cost of producing one unit of output?
Subject business economics
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