Question: please write down all the steps needed, and please log these equations in LINGO. 1. show me a screenshot of the !code! on lingo. 2.
please write down all the steps needed, and please log these equations in LINGO.
"A monopolist can purchase up to 17.25 oz of a chemical for $10/oz. At a cost of $3/oz, the chemical can be processed into an ounce of product 1 ; or, at a cost of $5/oz, the chemical be processed into an ounce of product 2 . If 1 oz of product 1 are produced, it sells for a price of $30 [2] 1 per ounce. If 2 oz of product 2 is produced, it sells for a price of $50 ? 22 per ounce. Determine how the monopolist can maximize profits 1. show me a screenshot of the !code! on lingo.
2. and the output given in lingo
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