Show that the optimal solution to the set of simultaneous equations in the Indiana Petroleum example are
Question:
Petroleum example are Q*1 = 5:77 and Q*2 = 4:08.
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20Q 1 6Q 2 140 and if multiple by 3 we have 60Q ...View the full answer
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Related Book For 
Managerial economics applications strategy and tactics
ISBN: 978-1439079232
12th Edition
Authors: James r. mcguigan, R. Charles Moyer, frederick h. deb harris
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