Consider prices of $20, $30, and $40. Which of these three price alternatives will maximize total revenue? What are the values for demand and revenue at this price?
The relationship d = 5000 ? 25p describes what happens to demand (d) as price (p) varies. Here, price can vary between $10 and $50.
For p = 20, d = 4500, TR = $90,000
For p = 30, d = 4250, TR = $127,500
For p = 40, d = 4000, TR = $160,000 (maximum total revenue)
You might also like to view...
The ________ measures activities, interests and opinions (AIO's)
A) constant sum scale B) life-style inventory C) semantic differential scale D) synthetic action/ information/ online format E) origin scale
Newspapers in China refer to young people with good jobs as "zippies."
Answer the following statement true (T) or false (F)
As manager of a relatively new company, you are tasked with analyzing company resources to identify core competencies capable of supporting a competitive advantage. Which of the following resources is most likely to generate a competitive advantage?
A. stockpile of supplies B. new production facilities C. enthusiastic company culture D. large cash holdings
Kadeisha is single with no dependents and has a salary of $102,000 for 2018, along with tax exempt interest income of $3,000 from a municipality. Her itemized deductions total $11,600.Required: Compute her taxable income.
What will be an ideal response?