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Microeconomics 2nd Edition by Douglas Bernheim
Edition 2ISBN: 978-0071287616Microeconomics 2nd Edition by Douglas Bernheim
Edition 2ISBN: 978-0071287616 Exercise 7
Suppose that John, April, and Tristan have two production plants for producing orange juice. They have a total of 850 crates of oranges and the marginal product of oranges in plant 1 is
= 1,000 - O 1 and in plant 2 is
= 1,200 - 2 O 2. What is the best assignment of oranges between the two plants
= 1,000 - O 1 and in plant 2 is = 1,200 - 2 O 2. What is the best assignment of oranges between the two plantsExplanation
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Microeconomics 2nd Edition by Douglas Bernheim
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