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Jill can produce identity preserved soybeans for tofu or standard yellow #2 soybeans for feed and oil. Let Q;- be the nmnber of bushels of
Jill can produce identity preserved soybeans for tofu or standard yellow #2 soybeans for feed and oil. Let Q;- be the nmnber of bushels of tou grade soybeans she chooses and Q}? be the number of bushels of Yellow #2 soybeans she chooses. Her cost lnction for soybean production is: QQL Qr} = lQT'l' 0-0291: +2Qr+ U-IQIQr 3. Calculate the Egg, QF) to measure Jill's economies of scope (show your calmllations)? b. Does jointly producing tol and #2 Yellow soybeans offer a cost advantage or disadvantage? Explain
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