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. The marginal product of oranges in plant 1 is MP1O = 1,000 - O1 and in plant 2 is MP2O = 1,200 - 2O2. 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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