The Number of Oranges Produced by Each Tree in an Orange

question 69

Multiple Choice

The number of oranges produced by each tree in an orange grove depends on how densely the trees are planted. If n trees are planted on an acre of land then each tree produces oranges. So the number of oranges produced per acre is What is the maximum yield of the trees and how many trees should be planted per acre to obtain the maximum yield of oranges? (Rounded to the nearest whole number)

• A) Maximum yield of the trees is 625 oranges when 9 trees are planted
• B) Maximum yield of the trees is 10851 oranges when 35 trees are planted
• C) There is no maximum yield of the trees
• D) Maximum yield of the trees is 7350 oranges when 15 trees are planted
• E) Maximum yield of the trees is 27500 oranges when 100 trees are planted

Analyze the role of technological and labor specialization in achieving economies of scale.

Understand the relationship between production volume and total production cost.

Describe strategies firms can employ to achieve economies of scale.

Evaluate the impact of market structure on economies of scale and firm efficiency.

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Definitions:

Strength

Often used in the context of correlation, indicating the degree of association between two variables.

Relationship

The manner in which multiple concepts, objects, or individuals are linked, or the condition of being linked.

Correlation Coefficient

A mathematical gauge demonstrating the degree of simultaneous variation between two or more variables.

Continuous

Describes data or a variable that can assume an infinite number of values within a given range, including any value in the continuum of the range.