Modern Principles of Economics
3rd Edition
ISBN: 9781429278393
Author: Tyler Cowen, Alex Tabarrok
Publisher: Worth Publishers
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Chapter 11, Problem 12TPS
Subpart (a):
To determine
Economic profit and accounting profit.
Subpart (b):
To determine
Economic profit and accounting profit.
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subject to X1
X2
Maximize dollars of interest earned = 0.07X1+0.11X2+0.19X3+0.15X4
≤ 1,000,000
<2,500,000
X3
≤ 1,500,000
X4
≤ 1,800,000
X3 +
XA
≥
0.55 (X1+X2+X3+X4)
X1
≥
0.15 (X1+X2+X3+X4)
X1
+ X2 X3 +
XA
<
5,000,000
X1, X2, X3, X4 ≥
0
not use ai
Chapter 11 Solutions
Modern Principles of Economics
Ch. 11 - Prob. 1FTCh. 11 - Prob. 2FTCh. 11 - Prob. 3FTCh. 11 - Prob. 4FTCh. 11 - Prob. 5FTCh. 11 - Prob. 6FTCh. 11 - Prob. 7FTCh. 11 - Prob. 8FTCh. 11 - Prob. 9FTCh. 11 - Prob. 10FT
Ch. 11 - Prob. 1TPSCh. 11 - Prob. 2TPSCh. 11 - Prob. 3TPSCh. 11 - Prob. 4TPSCh. 11 - Prob. 5TPSCh. 11 - Prob. 6TPSCh. 11 - Prob. 7TPSCh. 11 - Prob. 8TPSCh. 11 - Prob. 9TPSCh. 11 - Prob. 10TPSCh. 11 - Prob. 11TPSCh. 11 - Prob. 12TPSCh. 11 - Prob. 13TPSCh. 11 - Prob. 14TPSCh. 11 - Prob. 15TPSCh. 11 - Prob. 1CCh. 11 - Prob. 2CCh. 11 - Prob. 3CCh. 11 - Prob. 4CCh. 11 - Prob. 5C
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