Question
Voigt's Varmint Ranch sells purebred Wookalars in the lucrative Lancaster market. In order to get new breeding stock, they have to buy from Hastie Heeter
Voigt's Varmint Ranch sells purebred Wookalars in the lucrative Lancaster market. In order to get new breeding stock, they have to buy from Hastie Heeter Hog Haven (wookalars are part pig). Hog Haven is in a remote location where there isn't much demand and it takes special equipment to haul wookalars. The supply and demand equations for the locations are:
- Supply at Hog Haven: SHH = 2 + 2PHH
- Demand at Hog Haven: DHH = 12 - PHH
- Voigt's Varmint supply: SVV = -4 + 2PVV
- Voigt's Varmint demand: DVV = 39 - 4PVV
Since moving Wookalars is dangerous and Hog Haven is remote, there's a transportation cost of PVV= PHH + 13
- Calculate Price at Voigt's (PVV) and Price at Hog Haven (PHH)
2. What is the Demand for wookalars at Hastie Heeter Hog Haven?
3. What is theSupply for wookalars at Voigt's Varmint Ranch
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