O. j. juice company sells bags of oranges and cartons of orange juice. o. j. grades oranges on a scale of 1 (poor) to 10 (excellent). o. j. now has on hand 100,000 lb of grade 9 oranges and 120,000 lb of grade 6 oranges. the average quality of oranges sold in bags must be at least 7, and the average quality of the oranges used to produce orange juice must be at least 8. each pound of oranges that is used for juice yields a revenue of $1.50 and incurs a variable cost (consisting of labor costs, variable overhead costs, inventory costs, and so on) of $1.05. each pound of oranges sold in bags yields a revenue of 50¢ and incurs a variable cost of 20¢. formulate an lp to o. j. maximize profit.

Sean lives in dallas and runs a business that sells boats. in an average year, he receives $722,000 from selling boats. of this sales revenue, he must pay the manufacturer a wholesale cost of $422,000; he also pays wages and utility bills totaling $268,000. he owns his showroom; if he chooses to rent it out, he will receive $2,000 in rent per year. assume that the value of this showroom does not depreciate over the year. also, if sean does not operate this boat business, he can work as a paralegal, receive an annual salary of $21,000 with no additional monetary costs, and rent out his showroom at the $2,000 per year rate. no other costs are incurred in running this boat business.identify each of sean's costs in the following table as either an implicit cost or an explicit cost of selling boats.implicit costexplicit costthe wages and utility bills that sean pays the rental income sean could receive if he chose to rent out his showroom the salary sean could earn if he worked as a paralegal the wholesale cost for the boats that sean pays the