Question: 3. Consider Problem 3, Set 2.3c (Chapter 2). (a) Give an economic interpretation of the dual prices of the model. (b) Show how the dual

3. Consider Problem 3, Set 2.3c (Chapter 2).

(a) Give an economic interpretation of the dual prices of the model.

(b) Show how the dual price associated with the upper bound on borrowed money at the beginning of the third quarter can be derived from the dual prices associated with the balance equations representing the in-out cash flow at the five designated dates of the year.

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