1.20. Consider the comparative statics of the farmers fencing problem in Learning-By-Doing Exercise 1.4, where L is...
Question:
1.20. Consider the comparative statics of the farmer’s fencing problem in Learning-By-Doing Exercise 1.4, where L is the length of the pen, W is the width, and A ! LW is the area.
a) Suppose the number of feet of fence given to the farmer was initially F1 ! 200. Complete the following table. Verify that the optimal design of the fence (the one yielding the largest area with a perimeter of 200 feet) would be a square.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Question Posted: