ECON MICRO
ECON MICRO
5th Edition
ISBN: 9781337000536
Author: William A. McEachern
Publisher: Cengage Learning
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Chapter 17, Problem 3.8P
To determine

To list out the 4 laws enacted by the US government to protect the environment

Concept Introduction:

The rules and regulations put in force by the government to protect the natural resources from getting polluted and exhausted is known as the Environment Protection Act. The primary intention of the government is to reduce pollution and consumption of non-renewable resources and conserve them for prolonged use.

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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
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