Succulent citrus produces orange juice and orange concentrate. this year the company anticipates a demand of at least 11,000 quarts of orange juice and 1,500 quarts of orange concentrate. each quart of orange juice requires 10 oranges, and each quart of concentrate requires 50 oranges. the company also anticipates using at least 260,000 oranges for these products. each quart of orange juice costs the company 50¢ to produce, and each quart of concentrate costs $2.00 to produce. how many quarts of each product should succulent citrus produce to meet the demand and minimize total costs?

Problems and applications q5 four roommates are planning to spend the weekend in their dorm room watching old movies, and they are debating how many to watch. here is their willingness to pay for each film: willingness to pay (dollars) shen antonio dmitri jake first film 10 9 8 3 second film 8 7 6 2 third film 6 5 4 1 fourth film 4 3 2 0 fifth film 2 1 0 0 within the dorm room, the showing of a movie a public good. if it costs $12 to rent a movie, the roommates should rent movies in order to maximize the total surplus. suppose the roommates choose to rent the optimal number of movies you just indicated and then split the cost of renting equally. this means that each roommate will pay $ .