The Yield in Bushels from a Grove of Orange Trees

question 34

Multiple Choice

The yield in bushels from a grove of orange trees is given by , where x is the number of orange trees per acre. How many trees will maximize the yield? ​

• A)1,000 trees
• B)2,000 trees
• C)550 trees
• D)1,050 trees
• E)500 trees

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Definitions:

Supply

The total amount of a product or service that is available for purchase at any given time.

Elastic

Describing a situation in economics where the demand or supply for a good or service significantly changes in response to changes in price.

Tax Rates

The percentage at which an individual or corporation is taxed, which can vary based on income level, type of goods or activities.

Elasticities

Measures of how much the quantity demanded or supplied of a good responds to changes in prices, income, or other factors.