Question
Suppose that the chemical plant and the wheat farm merge. chemical: c= 15.6c - (0.61c 2 + 4.1x 2 - xc) and wheat: w= 40w
Suppose that the chemical plant and the wheat farm merge. chemical: c= 15.6c - (0.61c2 + 4.1x2 - xc) and wheat: w= 40w - (0.25w2 + xw - 2x)
a) What amount of chemicals c will the merged firm choose to produce?
b) How much wheat w will the merged firm produce?
c) How much pollution x will the merged firm generate?
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International Economics
Authors: Dominick Salvatore
12th edition
9781118955727, 1118955765, 1118955722, 978-1118955765
