Question suppose that john april and tristan hove two, Ask an Expert

Economics

Question: Suppose that John, April, and Tristan hove two production plants for producing orange juice. They have a total of 1000 crates of oranges. The marginal product of oranges in plant 1 is

MP₀² = 550 - O₁

and in plant 2 is

MP₀² = 1500 - 2O₂.

What is the best assignment of oranges between the two plants?

Instructions: Plant 1 should use crates of oranges in production and plant 2 should use crated of orange.

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M92582772

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