Best Orange Juice Company is located in Oman. The cost function for total orange juice production (x) is given by C(q) = 0.25x2. Their orange juice is demanded only in Muscat (Muscat demand is xm= 100-2Pm) and Salalah (Salalah demand is xs= 100-4Ps). Therefore, the total demand is x=xm+ xs. If the company can control the quantities supplied to each market, how many should it sell in each location to maximize total profits? What price would it charge in each location?
Best Orange Juice Company is located in Oman. The cost function for total orange juice production (x) is given by C(q) = 0.25x2. Their orange juice is demanded only in Muscat (Muscat demand is xm= 100-2Pm) and Salalah (Salalah demand is xs= 100-4Ps). Therefore, the total demand is x=xm+ xs. If the company can control the quantities supplied to each market, how many should it sell in each location to maximize total profits? What price would it charge in each location?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
Best Orange Juice Company is located in Oman. The cost function for total orange juice production (x) is given by C(q) = 0.25x2. Their orange juice is demanded only in Muscat (Muscat demand is xm= 100-2Pm) and Salalah (Salalah demand is xs= 100-4Ps). Therefore, the total demand is x=xm+ xs. If the company can control the quantities supplied to each market, how many should it sell in each location to maximize total profits? What price would it charge in each location?
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Ql: Analytical part – 8%
Best Orange Juice Company is located in Oman. The cost function for total orange juice
production (x) is given by C(q) = 0.25x². Their orange juice is demanded only in Muscat (Muscat
demand is Xm 100-2Pm) and Salalah (Salalah demand is X 100-4P.). Therefore, the total
demand is x-xXut X If the company can control the quantities supplied to each market, how many
should it sell in each location to maximize total profits? What price would it charge in each
location?
Answer:
Q2: Practical Part - 20%
Jad's Food Company (JFCO) produces high-quality ketchup (K) and hot sauce (H) at its plant in
Khasab, Musandam, for sale throughout Oman only, the company has not yet tried exporting its
uns 600 OR of labor wages, 800](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F25c47fe9-66eb-4534-a60d-19eadc545850%2F100690ec-dcc6-479e-be97-3340e5997124%2Fjnn4de_processed.jpeg&w=3840&q=75)
Transcribed Image Text:T|し| T
AaBb( AaBbCcD AaBbC AaBb AaBbCcD
三。三、
I Normal
Title
T No Spac...
Heading 1
Subtitle
Paragraph
Styles
PIOVIOE al or youI aISwerS I IS UOcumen- Type your aiswer WHETE I S Onecieu
below.
All of your answers have to be in black font.
Following all instructions = 2% of your grade.
-Best of Luck-
%3D
Ql: Analytical part – 8%
Best Orange Juice Company is located in Oman. The cost function for total orange juice
production (x) is given by C(q) = 0.25x². Their orange juice is demanded only in Muscat (Muscat
demand is Xm 100-2Pm) and Salalah (Salalah demand is X 100-4P.). Therefore, the total
demand is x-xXut X If the company can control the quantities supplied to each market, how many
should it sell in each location to maximize total profits? What price would it charge in each
location?
Answer:
Q2: Practical Part - 20%
Jad's Food Company (JFCO) produces high-quality ketchup (K) and hot sauce (H) at its plant in
Khasab, Musandam, for sale throughout Oman only, the company has not yet tried exporting its
uns 600 OR of labor wages, 800
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