The Owner of an Orange Grove Must Decide When to Pick

question 29

Multiple Choice

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?

• A)9 weeks from now
• B)2 weeks from now
• C)7 weeks from now
• D)3 weeks from now
• E)4 weeks from now

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Definitions:

Gemeinschaft

German for community, a state characterized by a sense of common feeling among the members of a society, including strong personal ties, sturdy primary group memberships, and a sense of personal loyalty to one another; associated with rural life.

Pastoral Society

A social system based on the raising and herding of livestock as a primary economic activity.

Division of Labor

An economic concept that divides tasks in a production process, where specialization increases efficiency and productivity.

Master Status

Some characteristic of a person that overrides all other features of the person’s identity.