An orange grove produces a profit of $ 93 per tree when there are 1300 trees planted. Because of overcrowding, the profit per tree (for every tree in the grove) is reduced by 5 cents per tree for each one additional tree planted. How many trees should be planted in order to maximize the total profit of the orange grove? What is the maximum profit?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “An orange grove produces a profit of $ 93 per tree when there are 1300 trees planted. Because of overcrowding, the profit per tree (for ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Argue how intellectual property rights could be detrimental to businesses and their customers
Answers (1)
What is a market supply schedule? a graph of the quantity supplied of a good by all suppliers at different prices a chart that lists how much of a good all suppliers will offer at different prices a chart that lists how much of a good a supplier
Answers (2)
Which of the follwing was introduced in 1947 stating that the unites would provide economic aid to western europe?
Answers (1)
In Exhibit 20-3, assume an equilibrium with an interest rate of 15 percent and the money supply at $100 billion.
Answers (1)
A small business produces a single product and reports the following dа ta: Sales price $ 8.50 per unit Variable cost $ 5.
Answers (1)
New Questions in Business
Which statement is false? A) Land is the primary factor of production used in the production of all goods and services. B) An entrepreneur combines all the factors of production. C) Growth in the economy shifts the PPC left.
Answers (1)
A short-run phillips curve shows an inverse relationship between
Answers (1)
Which of the following types of business usually has the fastest inventory turnover? furniture store hardware store store that sells consumer electronics grocery store
Answers (2)
A Gantt chart is a horizontal bar chart that shows each work activity on a separate line with the bar placed from the early start date to the early finish date for each activity on a timescale. 1. True 2. False
Answers (1)
You run a small auto service shop. Your fixed expenses per week are $1,000 and your average customer invoice is $500 with an associated marginal cost of $300. What is your weekly break-even quantity?
Answers (1)