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Interpret the components of mathematical equations that explain the linear programming problem for each of the following:
[A] The double-subscripted notation for the objective function for transportation costs (Town B): 3x11+ 2x12 + 7x13 + 6x14[B] The double-subscripted notation for the supply constraint at Town B: x11 + x12 + x13 + x14 ≤ 5,000[C] The inequality symbol in the supply constraint[D] The double-subscripted notation for the demand constraint for Town C: x11 + x21 + x31 = 8,000[E] The variable x in these equations
There is only town B and town C
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If the production function is Q=K^.5 L^.5 and capital is fixed at 1 unit, then the average product of labor when L=36 is?
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Find the equation of the new demand curve for Chevrolets. Plot the new demand curve, D1 c' and, on the same graph, plot the curve for Chevrolets, D c'. found in 2 (d).
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