Maximizing level of production of tomatoes and zucchini

Assignment Help Business Economics
Reference no: EM132274883

The Diversified Vegetable Company grows two crops, tomatoes and zucchini. The firm is a price-taking seller. The price of a bushel of tomatoes is $20, while the price of a bushel of zucchini is $30. The firm uses the same land and the same workers to raise the two crops, and its total cost for the two crops is 5XT2 + 6XZ2 + XTXZ, where XT and XZ are the respective quantities of tomatoes and zucchini.

Find the following:

A. The profit maximizing level of production of tomatoes and zucchini.

B. The maximized profits.

Reference no: EM132274883

Questions Cloud

Acquire to satisfy predicted demand under these conditions : How many cells should the company plan to acquire to satisfy predicted demand under these conditions?
Why do you feel baby-boomers are having an influence : In your opinion, why do you feel Baby-Boomers are having an influence on political leaders to reform social security now rather than later? Provide examples.
What is the firm short run producer surplus : Suppose a firm engaged in the illegal copying of DVD's has a daily short run total cost function given by:
Current demands of the job title : Health Information Coordinator Review a job description and updated to fit the current demands of the job title - No need to write the disclaimer page
Maximizing level of production of tomatoes and zucchini : A. The profit maximizing level of production of tomatoes and zucchini. B. The maximized profits.
How did and for what reasons the court narrowed : Explain what the case Miller v. California (1973) and the Supreme Court Justices' 3- part test definition of obscenity have in common?
Assessing public policy proposals : Identify two reasons why secondary benefits might be excluded from a benefit-cost analysis of proposed environmental policy.
Under what circumstances moral leadership can be effective : Discuss under what circumstances moral leadership can be effective. Discuss why some leaders do not include the moral and ethical backgrounds in their types.
Based on expected values and using decision tree approach : What size facility should Spencerville Products build based on expected values and using a decision tree approach?

Reviews

Write a Review

Business Economics Questions & Answers

  The production possibilities frontier shows

The production possibilities frontier shows the ________ combinations of two products that may be produced in a particular time period with available resources.

  Emerging markets in other developing countries

Emerging markets in other developing countries are gaining global influence and global power. In 20 years, these countries will be the dominant force in global economics. What should change, if anything, in the economic policies in order to make the ..

  During reagan administration-laffer curve was used to argue

During the Reagan administration, the Laffer curve was used to argue that:

  Find the equilibrium quantity and price

What is the point elasticity of demand at equilibrium? What is the marginal revenue at equilibrium?(use equation connecting MR and P) If marginal cost is constant $8 dollars, should we keep producing and selling? until which point we can keep produci..

  Statements about prices and inflation

Which of the following statements about prices and inflation is not? correct?

  Qdifferentiate between management and leadershipdescribe

q.differentiate between management and leadership.describe the role and responsibilities of leaders in creating and

  What is its important and effect on organization

Change is important but requires close check by the managing team. What is its important and effect on organization.

  Represents current financial situation of commercial bank

The balance sheet below represents the current financial situation of a commercial bank named Novatia Bank. What will happen to the bank's assets after the $150 deposit? What will happen to the bank\'s liabilities after the $150 deposit.

  Consumer purchases combination of two commodities

Suppose a consumer purchases a combination of two commodities that is on his or her budget line but the budget line is not tangent to an indifference curve at that point. Of which commodity should the consumer buy more of and of which should he or sh..

  What is the company maximum possible profit

A small manufacturing company produces certain plastic toys. They have a good market and variable costs are; labor cost$25.00/unit & material cost $5.00/unit. However, fixed costs are fixed at $ 45,000. What profit is earned if total revenue is maxim..

  What are the four types of a tiered infrastructure

What are the four types of a tiered infrastructure? What additional features does platform-as-a-service (PaaS) offer beyond software-as-a-service (SaaS)? How do efficiency and effectiveness metrics differ?

  What is the optimal consumption bundle for this consumer

Consider a consumer who consumes two goods, x and y. He has Cobb-Douglasutility function given by U(x, y) = xy. Let the income of the consumer be 100.dollars. Price of x is $5 per unit and price of y is $10 per unit.MRS = y. What is the optimal consu..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd