Trader Tom delivers boxes of tomatoes (and sometimes other perishable items) to two remote towns in...

 

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Trader Tom delivers boxes of tomatoes (and sometimes other perishable items) to two remote towns in northern Alberta. The demand schedules for tomatoes in each of the towns are shown in table below. Price $2 4 6 8 10 12 14 16 18 20 22 24 26 28 30 TOWN A Quantity Demanded 15 14 13 12 11 10 9 8 7 6 5 4 3 2 1 $ Total Revenue Price $2 4 6 8 10 12 14 16 18 20 22 24 26 28 30 TOWN B. Quantity Demanded 11 10 9 8 7 6 5 4 3 2 1 ə Total Revenue $ a) If during a particular week Tom has only four boxes to deliver, how many boxes should he deliver to each town if he wishes to maximize his total revenue? boxes; Town B Town A: box. Total revenue is $ b) What would be your answer if Tom had six boxes the next week? Town A: : Town B: Total revenue is $ c) How many boxes should Tom deliver to each town-if available-to maximize his total revenue? Town A: : Town B: Total revenue is $ Trader Tom delivers boxes of tomatoes (and sometimes other perishable items) to two remote towns in northern Alberta. The demand schedules for tomatoes in each of the towns are shown in table below. Price $2 4 6 8 10 12 14 16 18 20 22 24 26 28 30 TOWN A Quantity Demanded 15 14 13 12 11 10 9 8 7 6 5 4 3 2 1 $ Total Revenue Price $2 4 6 8 10 12 14 16 18 20 22 24 26 28 30 TOWN B. Quantity Demanded 11 10 9 8 7 6 5 4 3 2 1 ə Total Revenue $ a) If during a particular week Tom has only four boxes to deliver, how many boxes should he deliver to each town if he wishes to maximize his total revenue? boxes; Town B Town A: box. Total revenue is $ b) What would be your answer if Tom had six boxes the next week? Town A: : Town B: Total revenue is $ c) How many boxes should Tom deliver to each town-if available-to maximize his total revenue? Town A: : Town B: Total revenue is $

Answer rating: 100% (QA)

SOLUTION To analyze the demand schedules for tomatoes in Town A and ... View the full answer