EBK PRINCIPLES OF ECONOMICS
7th Edition
ISBN: 8220102958395
Author: Mankiw
Publisher: CENGAGE L
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Chapter 8, Problem 7PA
Subpart (a):
To determine
The impact of tax on the market of socks.
Sub part(b):
To determine
The impact of tax on the market of socks.
Sub part(c):
To determine
The impact of tax on the market of socks.
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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 8 Solutions
EBK PRINCIPLES OF ECONOMICS
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