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Use Lagrange multipliers to find the minimum distance from the circle to the point
. Round your answer to two decimal places.
Subsidies
Financial support provided by governments to individuals, organizations, or industries to encourage certain activities or reduce costs.
Comparative Advantage
The ability of an individual or country to produce a particular good or service at a lower opportunity cost than its competitors.
Standard Of Living
The level of wealth, comfort, material goods, and necessities available to a certain socioeconomic class in a certain geographic area.
Natural Resources
Materials or substances such as minerals, forests, water, and fertile land that occur in nature and can be used for economic gain.
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