Use SolverTable in Chandler’s blending model to find the shadow price of crude oil 1—that is, the amount Chandler would be willing to spend to acquire more crude oil 1. Does this shadow price change as Chandler keeps getting more of crude oil 1? Answer the same questions for crude oil 2.
Already registered? Login
Not Account? Sign up
Enter your email address to reset your password
Back to Login? Click here