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Lets represent the amount of steel produced this tons) Steel production is related to the amount of labor used () and the amount of capitalused (C) by the following function $ 200.000 In this formula represents the units of labor input and the units of capital input. Each unit of labor costs $50, and each unit of capital costs $100 () Formulate an optimisation problem that wit determine how much tabor and capital are needed in order to produce 45,000 for of steel at minimum cost min SOL +100C 20/0307 43,000 LC20 c) Solve the optimien prem you formed in part(). What is the optimalen van der Huse the Multistart option a described Appendix 8.1. A lower and per bed constraints and 5,000 for both Land Cres Cound your answers to the decimal places) 336642 X.-2353.425, 2019.99 X