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The Owner of an Orange Grove Must Decide When to Pick

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The owner of an orange grove must decide when to pick one variety of oranges. She can sell them for $14 a bushel if she sells them now, with each tree yielding an average of 5 bushels. The yield increases by half a bushel per week for the next 10 weeks, but the price per bushel decreases by $0.80 per bushel each week. When should the oranges be picked for maximum return?


Definitions:

East German Government

The government of the German Democratic Republic (East Germany), a socialist state that existed from 1949 to 1990, aligned with the Soviet bloc.

Consumer Goods

Products and services that are bought for personal or household use.

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A Soviet politician who led the Soviet Union as General Secretary of the Communist Party from 1964 until his death in 1982.

Soviet Policy

The political strategy or principles governing the Soviet Union, particularly during the Cold War era, including approaches to economy, international relations, and internal governance.

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