a) Assuming that a price taker wishes to maximize profits, explain the initial information required to state
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a) Assuming that a price taker wishes to maximize profits, explain the initial information required to state the primal problem leading to the attainment of the desired goal
b) What is the unknown information (that will become known upon the solution of the primal problem) ?
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Related Book For
An Economic Interpretation Of Linear Programming
ISBN: 9781137573926
1st Edition
Authors: Quirino Paris
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