Find the impact on price and output

Reference no: EM1370270

2. You have been Employed through a private consortium of South African orange growers to predict the impact on the price and output of oranges under the following situation.

a. A major freeze destroys a large number of orange trees in South Africa
b. Scientists at the University of Pretoria discover a way to increase substantially the yield per orange tree without affecting the quality of the fruit
c. Medical researchers announce that drinking orange juice can reduce the risk of heart disease
d. The price of grapefruit drops
e. The rand exchange rate depreciates significantly against the Euro and sterling currencies
In each of the answers illustrate your results with a demand and supply graph.

Reference no: EM1370270

Questions Cloud

Cost and demand function : In the short run, company that seek to maximize their market share will tend to charge lower price for their products than firms that seek to maximize profit.

Create simple 8-bit alu using add-subtract-shift functions : Create a simple 8-bit ALU. Requirements:The eight functions that you will implement are: add, subtract, and, or, shift left logical, less than, shift right logical.

Explain why is global brand important : Explain Why is global brand important and What characteristics can you use to make this judgment and Why is positioning important for any company?

Input factors of production for long run cost : Discuss why a firm's long-run costs are minimized when it employs the mix of resources such that the ratio of all of the resources' marginal products to their wage rates are equalized. Employ a graph to illustrate.

Find the impact on price and output : You have been Employed through a private consortium of South African orange growers to predict the impact on the price and output of oranges under the following situation.

Explain to be a true strategic partner does hr need to take : Explain To be a true strategic partner does HR need to take on a more generalized or specialized approach to work?

Explain the senior executives encourage staff to communicate : Explain the senior executives encourage staff to communicate all information and the lower-level staff held back the information for fear that they might lose their jobs.

Describe the observation made recently by an undergraduate : Describe the observation made recently by an undergraduate philosophy that the Major international institutions

Write assembly program-find right admission price to movie : Write the Assembly program to find correct admission price to movie. Price of admission to a movie is $7 for kids (under 12) and $9 for adults.

User Account

All Pages