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C. Constrained Optimization in Economics 1. Minimize costs for a firm with the cost function c = 5x2 + 2xy + 3y? + 800 subject

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C. Constrained Optimization in Economics 1. Minimize costs for a firm with the cost function c = 5x2 + 2xy + 3y? + 800 subject to the production quota x + y = 39. 2. Estimate additional costs if the production quota is increased to 40. 3. Based on your answers in problem 1, what will be the new total cost if commodity x will increased by 2 units

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