1. Demand for various supermarkets in Hongkong for organic grapes from Australia
is as follows:
Q=15.000-10P
where is the quantity imported Australian organic wine (in tonnes per month) and is the
price per tonne (in $)
a. Currently, several importing companies supply organic grapes to various countries
supermarkets in Denpasar. If the total cost of importing organic wine is
TC = 0,05Q2 + 12.500
calculate the quantity and price of imported Organic grapes that maximizes the
importers profit.
b. Hongkong government intends to make regulations that only allow imports to be
carried out by certified importers. Currently there is only one certified importer. If the
demand function and the cost function do not change, what will be the quantity and
price of imported organic grapes if the regulation is enforced?
c. Do you agree with the application of the rules in point (b)? Explain by comparing the
conditions that occur in points (a) and (b) and their consequences graphically.
d. During the pandemic, importers are considering selling directly to consumers online.
However, importers are confused about determining the price, whether it is the same
as the price offered to supermarkets, or different. The main consideration is that the
quantity demanded by retail consumers is less. Provide a suggested pricing strategy
(pricing strategy) that importers can apply to maximize profit. Complete your answer
with a graph.