Question
The farmer's available amount of land is 1000 acres, the unit net profit of crops 1 and 2 are $10 and $8 respectively, and the
The farmer's available amount of land is 1000 acres, the unit net profit of crops 1 and 2 are
$10 and $8 respectively, and the production function are y1 = L1^0.6 and y2 = L2^0.8. What is
the optimal land allocation? Confirm that the solution for the optimal land-allocation is a
true maximum.
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Global Marketing
Authors: Johny K Johansson
5th Edition
0073381012, 9780073381015
