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The Orange Patch Farm (OPF) is a grower of oranges and pumpkins. The following provides what Orange Patch Farm would supplyfor orangejuice based on the
The Orange Patch Farm (OPF) is a grower of oranges and pumpkins. The following provides what Orange Patch Farm would supplyfor orangejuice based on the following prices. At $1.00 per gallon OPF would supply ten thousand gallons of orange juice per season, at $1.50 per gallon OPF would supply fteen thousand gallons of orange juice per season, at $2.00 per gallon OPF would supply twenty thousand gallons of orange juice per season, and at $3.00 per gallon OPF would supply thirty thousand gallons of orange juice per season. Create an OPF Individual Supply Curve to the right. The following provides what Other Producers (OP) would supply for orange juice based on the following prices. At $1.00 per gallon OP would supply a hundred thousand gallons of orange juice per season, at $1.50 per gallon OP would supply one hundred and fty thousand gallons of orange juice per season, at $2.00 per gallon OP would supply two hundred thousand gallons of orange juice per season, at $3.00 per gallon OP would supply three hundred thousand gallons of orangejuice per season. In the space to the right create a Market Supply Schedule for OJ. PRICE QUANTITY
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