Short Answer
The quantity, Q, of a good produced depends on the quantities and
of the two main materials used:
.
Material costs $55 per unit, and material
costs $70 per unit. We want to minimize the cost of producing 100 units of the good. Using Lagrange multipliers, we see that the minimum cost of ________ occurs when
= _____ and
= _____.
Correct Answer:

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