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4) The Cobb-Douglas production function for a company is given by P(k, () = 7013/4/1/4 4) where P is the monthly production value when k

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4) The Cobb-Douglas production function for a company is given by P(k, () = 7013/4/1/4 4) where P is the monthly production value when k is the number of units of capital and I is the number of units of labor. Suppose that capital costs $450 per unit, labor costs $75 per unit, and the total cost of capital and labor is limited to $60,000. Use Lagrange multipliers to write the system of equations you would use to find the number of units of capital and labor that maximize production

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