1) A firm uses two inputs K and L of capital and Labor respectively, toproduce a single output Q according to the specific type of productionfunction:Q= F (K, L) =k°L".a,b >0The prices of capital and labor are rand w, respectively.(1) Find the cost minimizing input of capital (K)(1i) Find the cost minimizing input of Labor (L)Note: These are also called the demand functions of K and L.(li) Write down the cost function of the firm.

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1) A firm uses two inputs K and Lof capital and Labor respectively, to produce a single output Q according to the specific type of production function: Q=F (K, L) =*°L°, a,b>0 The prices of capital and labor are r and w, respectively. ) Find the cost minimizing input of capital (K) (1) Find the cost minimizing input of Labor (L) Note: These are also called the demand functions of K and L. (i) Write down the cost function of the firm.