Consider water supply for a region consisting of three cities. The total available water supply is...

 

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Consider water supply for a region consisting of three cities. The total available water supply is 8 units. Determine the optimal allocation of water to the three cities that maximizes the total economic return from the region. The relationship between the economic return and the quantity of water allocated for each city are given in the following table Return q 0 1 2 3 4 5 6 7 8 1 r₁(q) 0 6 12 35 75 85 91 96 100 City 2 r₂(9) 0 5 14 40 55 65 70 75 80 3 r3(q) 0 7 30 42 50 60 70 72 75 Consider water supply for a region consisting of three cities. The total available water supply is 8 units. Determine the optimal allocation of water to the three cities that maximizes the total economic return from the region. The relationship between the economic return and the quantity of water allocated for each city are given in the following table Return q 0 1 2 3 4 5 6 7 8 1 r₁(q) 0 6 12 35 75 85 91 96 100 City 2 r₂(9) 0 5 14 40 55 65 70 75 80 3 r3(q) 0 7 30 42 50 60 70 72 75

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Answer City aptivnal Allocation of water to the thr... View the full answer