Find out the optimal crude oil allocation in the preceding

Assignment Help Business Economics

Reference no: EM1346860

Find out the optimal crude oil allocation in the preceding example if the profit associated with fiber were cut in half, that is, fell to $.375 per square foot.

Given Gas Production Function of: QG = 72MG - 1.5 MG2

(1) What is gasoline marginal profit?

Given fiber production function of: QF = 80MF - 2MF2

(2) What is fiber marginal profit?
(3) Determine the Maximize profit
(4) Determine Total input availability

Reference no: EM1346860

Questions Cloud

Important personal and financial issues : Outline the important personal and financial issues to discuss with William and Joan, prior to making any recommendations and show any concerns YOU may have with any of their objectives (i.e. how realistic or otherwise those may be). Start by lis..

What is the temperature of the boiler : A 38 ohm resistor is made from a coil of copper wire whose total mass is 11.2 g. Find out the length and diameter of the wire.

Calculation of ratios : A security analyst computes the given ratios for two banks. Estimate how should the analyst evaluate financial health of the two (2) banks?

What is the simmers weight in newtons : An electric wire that has a mass of 5 kg for a 20m length is strung between two poles 20 m apart. What should be the tension in the wire if it is to take 0.8 seconds for a pulse to travel along the wire from one pole to the other.

Find out the optimal crude oil allocation in the preceding : Find out the optimal crude oil allocation in the preceding example if the profit associated with fiber were cut in half, that is, fell to $.375 per square foot.

Assurance services, attestation services & auditing services : Discuss and explain the difference between assurance services, attestation services and auditing services?

Find the force that must applies on the wall : A sound wave traveling at 341m/s is emitted by foghorn of a tugboat. An echo is heard 3.30s later.

Find out a numerical equation linking planned aggregate : Find out a numerical equation linking planned aggregate expenditure to output. Show the determination of short-run equilibrium output for this economy using the Keynesian cross diagram.

Job costing-process costing differentiated : What are the major differences between job-order costing and process costing systems?

User Account

All Pages