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