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Best Orange Juice Company is located in Oman. The cost function for total orange juice production (x) is given by C(q) = 0.25x. Their orange
Best Orange Juice Company is located in Oman. The cost function for total orange juice production (x) is given by C(q) = 0.25x. Their orange juice is demanded only in Muscat (Muscat demand is x = 100 - 2P 4 ) and Salalah ( m Salalah demand is x, = 100 - 4P ) . Therefore, the total demand is x + x . If the company can control the quantities supplied to each market how many should it sell in each location to maximize total profits? What price would it charge in each location?Best Orange Juice Company is located in Oman. The cost function for total orange juice production (x) is given by C(q) =0.25x Their orange juice is demanded only in Muscat (Muscat demand is am 100-2P ) and Salalah (Salalab, demand is -100 4P) Therefore, the total demand is x-got do If the company can control the quantities supplied to each market, how many should it sell in each location to maximize total profits? What price would it charge in each location
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