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.

Please help with this practice question. You manage a farm that is

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 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 cannot differentiate between customers in California and Oregon, and you are forced to charge the price that is optimal in California in both Oregon and California, how much profit will you lose compared to the profit you made in (2)? (Write answer without the negative sign nor the dollar sign.)

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