(a). Hypothetical demand curve for strawberries (cost $43) cases of strawberries per harvest 34 thousand. Illustrate cost per case would Maxine the gross receipts of strawberry growers? The cost which maximizes gross receipts will be found at the midpoint of a straight-line demand curve when the curve is extended to the axes.
(b) If the cost of strawberries is Find out d by the total quantity harvested in conjunction with the demand, Illustrate size crop will result in the cost quoted in part D.?
(c) Illustrate would the gross receipts of strawberry growers be if the crop turned out to be 30,000 cases?
(d) Can you prove which the demand for strawberries in elastic above a cost of $24, per case and in elastic below which cost?
(e) If strawberry growers can make more money by selling fewer than 30,000 cases, why would they ever market which much? Why wouldn't they destroy some of the crop rather than "spoil the market"?