Cost In Exercises 49 and 50, find the minimum cost of producing 50,000 units of a

Chapter 13, Problem 50

(choose chapter or problem)

In Exercises 49 and 50, find the minimum cost of producing 50,000 units of a product, where x is the number of units of labor (at $72 per unit) and y is the number of units of capital (at $60 per unit).

\(P(x, y)=100 x^{0.6} y^{0.4}\)

Text Transcription:

P(x, y) = 100x^{0.6} y^{0.4}