Question

If Simplot charges one price for early fertilizer booking customers and another price for late fertilizer booking customers, then the late fertilizer demand price will be what given the below demand curves?

Demand of Simplot Fertilizer:

Total Demand:

Qty.total=600-60*Px.total or Px.total=10-.0167*Qty.total

Early Season Fertilizer Demand:

Qty.early=300-40*Px.early or Px.early=7.5-.025*Qty.early

Late Season Fertilizer Demand:

Qty.late=300-20*Px.late or Px.late=15-.05*Qty.late

Marginal Cost=5

Question 46 options:

	A) $5.50.
	B) $7.50.
	C) $10.00.
	D) $6.25.

Answer 1