Find out the optimal crude oil allocation in the preceding, Ask an Expert

Economics

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

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9222224

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