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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.
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A U.S. firm is considering moving its production to Mexico. Its estimated production function is q = L 0.5 K 0.5 . The U.S. factor prices are w = r = 10. The Mexican factor prices are w* = 5, r* = 10. What is the optimal input bundle ( L,K..
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Matt is a 25 year old engineer, and his salary next year will be $60,000. Matt expects that his salary will increase at a steady rate of 5% per year until his retirement at age 65. If he saves 10% of his salary each year and invest these savings
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Suppose an economy's real GDP is $50,000 in year 1 and $55,000 in year 2. What is the growth rate of its GDP Assume that population was 100 in year 1 and 105 in year 2. What is the growth rate in GDP per capita
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