Rick is an asparagus farmer and the world asparagus market is perfectly competitive. the market price is $18 a bundle. rick sells 600 bundles a week and his marginal cost is $22 a bundle. rick is a. not maximizing profit because there is too much competition in the oyster market b. maximizing profit if he is selling the maximum amount of asparagus he can produce c. maximizing profit because marginal cost is greater than marginal revenue d. not maximizing profit because marginal cost is greater than marginal revenue e. not maximizing profit because the world asparagus market is perfectly competitive

Cadbury has a chocolate factory in dunedin, new zealand. for easter, it makes two kinds of “easter eggs”: milk chocolate and dark chocolate. it cycles between producing milk and dark chocolate eggs. the table below provides data on these two products. demand (lbs per hour) milk: 500 dark: 200 switchover time (minutes) milk: 60 dark: 30 production rate per hour milk: 800 dark: 800 for example, it takes 30 minutes to switch production from milk to dark chocolate. demand for milk chocolate is higher (500lbs per hour versus 200 lbs per hour), but the line produces them at the same rate (when operating): 800 lbs per hour. a : suppose cadbury produces 2,334lbs milk chocolate and 1,652 lbs of dark chocolate in each cycle. what would be the maximum inventory (lbs) of milk chocolate? b : how many lbs of milk and dark chocolate should be produced with each cycle so as to satisfy demand while minimizing inventory?