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Consider the following linear programming problem
Min A+ 2Bs.t.A + 4B< or equal to 212A + B > or equal to 73A + 1.5B < or equal to 21-2A + 6B > or equal to 0A, B > or equal to 0
a. Find the optimal soulution using the graphical soulution procedure and the value of the objective function
b.determine the amount of slack or surplus for each constraint(dont worry about this problem it has been emitted from the homework but if you can help me to understand this I would greatly apprecaite it)
c. suppose the objective function is changed to max 5A+2B. Find the optimal solution and the value of the objective function.
Let X denote the number of rainy days on the coming weekend. Suppose that there is a 20% chance of rain on Saturday and 50% chance of rain on Sunday. Assume that rain on Saturday and rain on Sunday are independent events, so that Prob(rain on Satu..
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Calculate the marginal revenue product for each additional unit of labor if output sells for $3 per unit b. Draw the demand curve for labor based on the above data and the $3-per-unit product price c. If the wage rate is $15 per hour, how much labor ..
In this question we are going to incorporates investment in human capital by agents, in a form similar to physical capital. Labor units are replaced by human capital units Y = AK?(?H)1?? where • H ? Units of Human Capital • ? ? [0, 1] ? Fraction of..
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