In Exercises 1-8, write down (without solving) the dual LP problem. [HINT: See Quick Example 4.]
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- 23. Consider a simple economy with just two industries: farming and manufacturing. Farming consumes 1/2 of the food and 1/3 of the manufactured goods. Manufacturing consumes 1/2 of the food and 2/3 of the manufactured goods. Assuming the economy is closed and in equilibrium, find the relative outputs of the farming and manufacturing industries.arrow_forwardSuppose you would like to test the hypothesis that one year of attending a university is worth one years of attending a two-year school (junior college), in terms of effect on wages, using the following econometric model: Y = Bo + B₁X₁ + B2X2 + B3X3 + U where Y = monthly wage in dollars X₁ = number of years attending a two-year college X₂ = number of years at a four-year college X3 = months in the workforce. u = error term The relevant null hypothesis in this case would be Hỏ: B₁-B₂. Equivalently, by creating a new parameter that is a linear combination of ß₁ and B2, this null can be stated as Ho:-arrow_forwardLet a and B E R. Consider the linear optimization model: (Pa,8) min s.t. x1 + x₂ αX1 + βα2 >1 x1 ≥ 0, x₂ € R. Write the linear programming dual of (Pa,ß). Call it (Da‚ß). α,βarrow_forward
- Solve the following LP model (Graphical Solution): Max z=5x1+7x2s.t. x1 ≤62x1 + 3x2 ≤ 19 x1 + x2 ≤ 8x1,x2 ≥0arrow_forward[3.27] Consider the following problem: Maximize 2x₁ subject to X1 2x1 X1 X1, + x2 + 2x₂ + 3x2 x2, + 6x3 + 4x3 + x3 X3 X3, 11+ + 4x4 ********* X4 X4 ≤6 < 12 2 ≤ X4 X4 2 0.arrow_forward3. Find the quadratic equation y Find a least squares solution. = ax²+bx+c that best fits the data: {(-1, 1), (0, 0), (1, 1), (2,3)}.arrow_forward
- 3arrow_forward1.2 Section Exercis A nurse mixes 70 cc of a 60% saline solution with a 30% saline solution to produce a 44% saline solution. How much of the 30% solution should he use? The amount of 30% saline solution needed is C. Save For Later Submit Assignment Check Answer © 2021 McGraw Hill LLC. All Rights Reserved. Terms of Use Privacy Center MacBook Airarrow_forward2-6. Identify the direction of increase in z in each of the following cases: *(a) Maximize z = X₁ X₂. (b) Maximize z = -8r₁ - 3x₂. (c) Maximize z = −8₁ +38₂- "(d) Maximizez = -3x₁ + x₂ -arrow_forward
- Linear Algebra: A Modern IntroductionAlgebraISBN:9781285463247Author:David PoolePublisher:Cengage Learning