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

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Definitions:

Marginal Value Curve

A graph that shows the additional value or utility gained from consuming one more unit of a good or service.

Expenditure Curves

Graphical representations that show how changes in income affect spending.

Monopsonist

A market condition where there is only one buyer for many suppliers, giving the buyer significant control over the market.

Input Units

The basic quantities or resources used in the production of goods and services.