Suppose that John, April, and Tristan have two production plants for producing orange juice. They have a

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Suppose that John, April, and Tristan have two production plants for producing orange juice. They have a total of 850 crates of oranges. Plant 1's production function is
Suppose that John, April, and Tristan have two production plants

while plant 2's production function is

Suppose that John, April, and Tristan have two production plants

where O1 and O2 are the number of crates of oranges assigned to each of the two plants. What is the best assignment of oranges between the two plants?

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Microeconomics

ISBN: 978-1118572276

5th edition

Authors: David Besanko, Ronald Braeutigam

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