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If a firm invests K units of capital and L units of labor for production, it can produce K L units of the product.

If a firm invests K units of capital and L units of labor for production, it can produce K L units of the product. Suppose the prices for capital and labor are all 30. The firm wants to produce at least 10 units of the product with the lowest cost. Please write down the optimization problem the company solves. (20 points)

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