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Consider a firm's cost-minimization problem subject to multiple constraints: min 4x 1 + x 2 + 2x 3 (x 1 ,x 2 ,x 3 )R

Consider a firm's cost-minimization problem subject to multiple constraints:

min 4x1 + x2 + 2x3

(x1,x2,x3)R3+

subject to

x13x2 = 27

3x2 = 2x3

Find the solution using the Lagrange method.

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