Question: Given the following information relative to a price takers behavior: A. Technology of producing three outputs by means of two inputs: aij , i =
Given the following information relative to a price taker’s behavior:
A. Technology of producing three outputs by means of two inputs:
aij , i = 1, 2; j = 1, 2, 3 B. Input supply: bi, i = 1, 2 C. Output market prices: cj , j = 1, 2, 3 Use the primal and dual complementary slackness conditions to show that – at an equilibrium point – the value of the primal ob ective function is equal to the value of the dual ob ective function.
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