Question: Please help with this practice question. You manage a farm that is looking to sell oranges in both California and Oregon. The demand for oranges

Please help with this practice question.

You manage a farm that is looking to sell oranges in both California and Oregon. The demand for oranges in California is given by PCA = 25 - 0.5QCA and the demand for oranges in Oregon is POR = 19 - 0.30OR. The total cost of selling oranges is TC = 10 + Q and the marginal cost is constant at MC = $1. If you can differentiate between customers in California and Oregon, you should charge a price of $ in California and a price of $ in Oregon

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

Please help with this practice question. You manage a farm that is looking to sell oranges in both California and Oregon. The demand for oranges in California is given by PCA = 25 - 0.50CA and the...

1.You manage a farm that is looking to sell oranges in both California and Oregon.The demand for oranges in California is given by P CA = 25 - 0.5Q CA and the demand for oranges in Oregon is P OR =...

7) You manage a farm that is looking to sell oranges in both California and Oregon. The demand for oranges in California is given by PCA = 25 - 0.5QCA and the demand in Oregon is POR = 19 - 0.3QOR....

Please help with this practice question #3, How much profit will you lose? Also, question #2 answer is $13 Cali and $10 Oregon to help figure out the answer for question #3. Thank you. You manage a...

Solve clearly You manage a farm that is looking to soll oranges in both California and Oregon, The demand for cranges in California is given by PA = 25. 0.50CA and the demand for oranges in Oregon is...

Please help with Question 3 QUESTION 2 You manage a farm that is looking to sell oranges in both California and Oregon. The demand for oranges in California is given by P A = 25 - 0.50CA and the...

please help with below question as per the attached article on Using Supply Chain Analysis to Examine the Costs of NonTariff Measures (NTMs) : Michael J Ferrantino, WTO 1. Critically examine the...

2/21/2016 A modern ark | The Economist Special report: Climate change Biodiversity A modern ark To save endangered species, move them to more congenial places Nov 28th 2015 | From the print edition...

Please help me answer the questions below. This is Microeconomics subject , below is a case study. Case study: BACIOO How to Study for Chapter ? Case Studies Using Demand and Supply Analysis This...

Winds of Change in Klickitat County: The Harvest Wind Project M. Phillips, D. Watson, B. Barnes, and H. Feldman The following case describes a proposal by four Pacific Northwest utilities to build...

A clothing store, Interlude Inc., had a fire at the end of February, and so used the gross profit method to estimate inventory cost. 1. Estimate the ending inventory cost based on the following data:...

Online movie ticketing system is an application that deals with booking tickets online along with the prices and reservation should be done according to the availability. The problems associated are...

Mengapa paradigma pengelolaan keuangan negara bergeser dari pola yang sentralistik ke desentralistik? Silakan diskusikan dengan merujuk pada konsep dan teori yang relevan

Gross margin is equal to Blank _ _ _ _ _ _ divided by sales. Multiple choice question. net profit EBIT cost of goods sold gross profit

1. Explain the two causes of market failures. Given their definitions, could a market be affected by both types of market failures simultaneously? LO4.1

2. Assume that candle wax is traded in a perfectly competitive market in which the demand curve captures buyers full willingness to pay while the supply curve reflects all production costs. For each...

6. Match each of the following characteristics or scenarios with either the term negative externality or the term positive externality. LO4.4 a. Overallocation of resources. b. Tammy installs a very...