What is the profit maximizing combination of prices of vegetables sold double to $50? What is the profit maximizing combination of price the fruit sold decreased to $12? (2)Cases ofCanned FruitCases ofCannedVegetables135,000OTable 7-3PROFIT-MAXIMIZING COMBINATION OF PRODUCTS FOR SUNSPOT(1)(3)Revenue, $33.33 x (1)+ $25.00 x (2)$4,499,550(4)Marginal Rate ofProductTransformation,A(1) ÷ A(2)(5)Ratio of Price ofVegetablesto the Price of Fruit,$25.00 $33.33128,00010,0004,516,240-0.700.75119,00020,0004,466,270-0.900.75108,00030,0004,349,640-1.100.7595,00040,0004,166,350-1.300.7580,00050,0003,916,400-1.500.7563,00060,0003,599,790-1.700.7544,00070,0003,216,520-1.900.7523,00080,0002,766,590-2.100.75090,0002,250,000-2.300.75

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What is the profit maximizing combination of prices of vegetables sold double to $50? What is the profit maxi

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ISBN:9780190931919

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Chapter1: Making Economics Decisions

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Question

What is the profit maximizing combination of prices of vegetables sold double to $50? What is the profit maximizing combination of price the fruit sold decreased to $12?

(2)
Cases of
Canned Fruit
Cases of
Canned
Vegetables
135,000
O
Table 7-3
PROFIT-MAXIMIZING COMBINATION OF PRODUCTS FOR SUNSPOT
(1)
(3)
Revenue, $33.33 x (1)
+ $25.00 x (2)
$4,499,550
(4)
Marginal Rate of
Product
Transformation,
A(1) ÷ A(2)
(5)
Ratio of Price of
Vegetables
to the Price of Fruit,
$25.00 $33.33
128,000
10,000
4,516,240
-0.70
0.75
119,000
20,000
4,466,270
-0.90
0.75
108,000
30,000
4,349,640
-1.10
0.75
95,000
40,000
4,166,350
-1.30
0.75
80,000
50,000
3,916,400
-1.50
0.75
63,000
60,000
3,599,790
-1.70
0.75
44,000
70,000
3,216,520
-1.90
0.75
23,000
80,000
2,766,590
-2.10
0.75
0
90,000
2,250,000
-2.30
0.75

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