Production is modeled by the Cobb Douglas production function
![2364_685bdece-6116-4746-93a0-83640b6e97d1.png](https://secure.tutorsglobe.com/CMSImages/2364_685bdece-6116-4746-93a0-83640b6e97d1.png)
where x represents the number of units of labor, and y the number of units of capital. If each unit of labor costs $500 and each unit of capital $200, and the amount allocated to labor and capital is $300,000, use Lagrange multipliers to determine the number of units of labor and capital which maximizes the level of production.