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In: Economics

Suppose the optimization problem is to minimize the cost of production c = 3 x +...

Suppose the optimization problem is to minimize the cost of production c = 3 x + 4 y subject to the constraint 2xy =337.5. Here the cost-minimizing amount of x is ?? , and y is ?? .

The Lagrange multiplier is ?? .

The second principal minor of Bordered Hessian is ?? .

The bordered Hessian matrix is??

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