A). A maker of smartphones makes $140 on the sale of each phone that will be...
A). A maker of smartphones makes $140 on the sale of each phone that will be produced in 2019. Marketing department estimates that for each $20 of rebate, sales would increase by 16%. 1. How big rebate should be in order to maximize the profit?
Homework Answers
It can actually be mentioned that for every $20 rebate the sales is increasing by 16% and the given table below shows the table from$140 and thereby decreasing $20 each and corresponding increase in sales with initial quantity Q1 and also the corresponding profit on the whole and therefore from the given table we can see that the profit level is continuously decreasing and only at $140 theprofit is the maximum and that is the reason why it can be mentioned that there should be no rebate as it is already in the profit maximizing quantity.
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A). A maker of smartphones makes $140 on the sale of each phone
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