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Find the minimum cost to produce 50,000 units of a product, if the level of production is given by P = 100x ^ 0.25y ^
Find the minimum cost to produce 50,000 units of a product, if the level of production is given by P = 100x ^ 0.25y ^ 0.75, where denotes the total number of units of labor and the total number of units of capital, the cost of labor is $ 72 per unit, and the cost of capital is $ 60 per unit (use Lagrange's method).
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