Complete Table 1 by computing the Total Revenue, Marginal Revenue, Total Cost, and Profit columns, each rounded to two decimal places. The cost of duplicating a video on a DVD and mailing the DVD, the Marginal Cost, is $5.56.
b. The President wants the GSTCG to provide videos to generate the most possible donations (Total Revenue). What price is the President of the GSTCG favoring and how many people will receive the DVD if this becomes the price of the suggested donation? Explain your answers. (1 point)
c. The Education Outreach Committee wants the GSTCG to provide videos to the most possible number of people. What price is the Educational Outreach Committee favoring and how many people will receive the DVD if this becomes the price of the suggested donation? Explain your answers. (1 point)
d. The Treasurer of the GSTCG wants the DVD program to be as efficient as possible so that the marginal revenue equals marginal cost. What price is the Treasurer favoring and how many people will receive the DVD if this becomes the price of the suggested donation? Explain your answers. (1 point)
e. The Fundraising Committee wants the DVD program to generate as much profit in donations as possible. What price is the Fundraising Committee favoring and how many people will receive the DVD if this becomes the price of the suggested donation? Explain your answers. (1 point)
Answer:
B]The Preventative wishes GSTCG to proceed to a DVD at a cost of $7.75 to a minimum of 10 individuals for a profit of $11.7 but the most important is the total amount that may be paid for at a cost of $7.75 which is most significant; $7.75 to a cost of $7.75. The PRESIDENT is most important in the context of the total payment. Even $7.75 to a DVD at a value of $7.75.
C] The Education Comitee JUST WANT THE MAXIMUM NUMBER DVD OF THEY SOLD IS 20 but that's at a rate of 0 per COMPLETE TO STCG CALLE IS ALSON OF GSTCG.
D] GSTCG TRASSURES Want to be a product of the dvd. Marginal cost for selling ten units at a cost of $7.75.00 equals mr and $39.5.00 and equates mr and mr which is $39.5.00. TRASURE THE GSTCG Want to sell 10 units at the cost of $7.75.00
e] the maximum profit of $7.75 ($32.92) at a price.
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