Ever wondered if the color that a quest is to you will effect the amount of XP it gives? Well it doesn't apparently, unless its grey!
But here's the thing, and this is something I had wrong: every quest you do gives exactly the same amount of XP, unless it's gray. If a quest gives 4000xp, it'll give 4000xp whether you do it at red, orange, yellow, or green. I had previously thought that a red quest would give more XP (because that's how it works with monsters-- higher level kills mean more XP), but that's not the case with quests.
And here's the other thing I learned: while killing a gray mob grants no XP at all, gray quests do give XP, but it drops for every level the quest is gray to you. That number is determined by this formula-- gray quests are 5 or more levels below you, and the XP you receive drops as your level rises.