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Based on the following graph, what is the profit maximizing price to charge for the block? Block Pricing Price Price charged for a block of 10 units = $ MC - AC Demand Quantity $12 $100 $70 $10 $50 The fact that the marginal product of an additional unit of an input will at some point be lower than the marginal product of the previous unit of input is known as which of the following? Economies of scale Linear production...
A price floor is A. almost always equal to the price ceiling. B. the highest possible legal price that can be charged for a good or service. C. the lowest legal price at which a good or service can be traded. D. a legal price of zero that can be charged for a good or service. E. usually equal to the equilibrium price established before the government imposed the price floor
Build a data table to see which price maximizes profit to identify which price maximizes profit. Present this information graphically in an intuitive format. Month Price Demand 1 450 45 2 300 103 3 440 49 4 360 86 5 290 125 6 450 52 7 340 87 8 370 68 9 500 45 10 490 44 11 430 58 12 390 68 13 350 84 14 385 72 15 410 67 16 400 62 17 330 92 18 480...
Identify the relation between a stock’s price and the factors that determine the price, based on the constant-growth dividend valuation model: For example, the relationship is positive if an increase in the factor results in an increase in the share price. Relationship with share price Factor Positive or negative Current Dividend Growth rate of dividends Required Rate or Return
The highest acceptable transfer price from the standpoint of a buyer is: Multiple Choice A. based on a formula that includes lost contribution margin on sales. B. what they would be required to pay to an outside supplier for the same items. C. twice the lost contribution margin on sales. D. twice the amount they would be required to pay to an outside supplier for the same items.
What is government failure? What are the possible reasons that government solutions may be no better than market solutions in medical care? THIS IS ONLY ONE QUESTION NOT TWO
What is this firm's profit if price, p = $72? Profit = pq - 6q2 - 12 432 0 78 204
Why would a monopolist not charge the highest price possible? Include appropriate terminology that supports your reasoning
What is the price that this profit-maximizing monopolist will charge?
The manager is seeking to maximize profit. Based on the current price of $550 per surfboard, which of the following is true? She should increase the price of surfboards, and expect a decrease in sales and an increase in profit. b. She should decrease the price of surfboards, and expect an increase in sales and an increase in profit. c. She should leave the price as it is, since this is the profit-maximizing price. d. She should stop selling surfboards,...