> Two production processes are known for producing corn. These
> processes require the following inputs to be available at the beginning
> of the year for each bushel corn produced and available at the end of
> the year:
>
> TABLE 1: INPUTS REQUIRED PER TON CORN PRODUCED
>
> Process A Process B
>
> 1 Person-Year 1 Person-Year
> 2 Tons Iron 1/2 Tons Iron
> 2/5 Bushels Corn 3/5 Bushels Corn
>
> The data... allow for the specification of [a]
> production function ... for corn...
> I outline how to construct the production function
> for corn.
>
> The production
> function for corn is found as the solution to the Linear Program
> in Display 1:
>
> Max X = X1 + X2
>
> 2*X1 + (1/2)*X2 <= Q1
> (2/5)*X1 + (3/5)*X2 <= Q2 (1)
> X1 + X2 <= L
>
> X1 >= 0, X2 >= 0
>
> Do you deny that the production function (for corn) is the
> solution to the above LP?
Yes, I am.
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qrftqu8mpffmpdjq8gm6pao03o48n9gan8@4ax.com
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