member(P) Total revenue (TR) Total cost (TC) Profit Marginal revenue (MR) Marginal cost (MC) 1 400 400 190 210 400 190 2 380 760 380 380 360 190 3 360 1080 570 510 320 190 4 340 1360 760 600 280 190 5 320 1600 950 650 240 190 6 300 1800 1140 660 200 190 7 280 1960 1330 630 160 190 8 260 2080 1520 560 120 190 9 240 2160 1710 450 80 190 10 220 2200 1900 300 40 190 Profit will be maximized when marginal revenue is equal
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Team B will write a business proposal for a Boys Boutique named Kaleb’s Kloset. Team B will include molds about the elasticity of demand and the market structure for the boutique and determine the profit-maximizing quantity. Team B will cover the use of marginal cost and marginal revenue to maximize profit by providing the information to determine this. Team B suggestions on mix of pricing‚ non-pricing strategies‚ and to see if there are any barriers to entry‚ product differentiation‚ and other ways
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2) Should the company purchase additional tomatoes? 3) Should the company consider Myers costing methods First Option: Firstly‚ we will calculate the product mix used to make different type of products in the existing scenario to maximize profit. Decision Variables: Let AW be the pounds of “Canned Whole Tomatoes” produced using Grade A tomatoes. Let AJ be the pounds of “Tomato Juice” produced using Grade A tomatoes. Let AP be the pounds of “Tomato Paste” produced using Grade A tomatoes
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cause a profit-maximizing firm to decide to forgo using lower-cost sources? A: A small candy factory can install within itself improved machinery that would make it possible for the company to make more items. A small candy factory would benefit from technology in that it would make quantity supplied higher while retaining the same cost of production. Lower cost resources‚ such as only employing enough labor to equal capital would maximize profit. Also‚ better technology would maximize profit by creating
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written proposal‚ which puts the buyers requirements in context that favors the seller’s products and or service and educates the buyer about the capabilities of the product. This paper will discuss Will Bury’s Elasticity along with increase revenue‚ profit maximizing quantity‚ marginal cost and marginal revenue‚ mix of pricing and non-pricing‚ barriers‚ product differentiation and minimize cost. How To Increase Revenue In order to increase revenue‚ the business has to be described as to show the
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Nguyễn Hà Dân – SB0768 MSSV:SB60543Ho Hoa Binh la sieu di ngua‚ Ban gai cu cua Hoang Anh chim lonhahahahahaha Find the two lines that are tangent to y = x2- 2x+1 and pass through the point (5‚7). Call (d) is the equation of the tangent to y = x2- 2x+1‚ pass through the point (5‚7) and have slope k y – y0 = k(x – x0) y – 7 = k(x – 5) y = kx – k5 + 7 we slove system of equations The two lines that are tangent is: y=8x – 47 y=2x – 17 Find limx→1x-1x2+3-2 3. The circumference
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Question 1c In order to create the criteria for the committee we have to look at what they want from the project. Most businesses and organisations are in business to make a profit‚ however the committee has different aims and objectives compared to a normal business or organisation. They need to weight up the options of each proposal and decide which best relates to their aims and objectives. When the committee is considering which proposal to go with they should consider the following categories
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Managerial Economics. [pic] 1. 2. Given a firm’s demand function‚ P = 24 - 0.5Q and the average cost function‚ AC = Q2 – 8Q + 36 + 3/Q‚ calculate the level of output Q which a) maximizes total revenue b) maximizes profits Night Timers is a small company manufacturing glow-in-the-dark products. One of the hottest items the engineering department has developed is adhesive tape that can be applied to walls and floors. Night Timers ’ chief engineer anticipates that
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PUTTING THE SERVICE – PROFIT CHAIN TO WORK Group - 5 Introduction: Factors that drives profitability Investment in people Leadership Vision – Patina of spirituality‚ importance of mundane Profitability Technology supporting frontline workers Successful service companies: Banc One‚ Intuit‚ Southwest Airlines‚ Service Master‚ USAA‚ Taco Bell‚ and MCI Compensation linked to performance Recruiting and training practices The Service - Profit Chain • Establishes relationships
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States Health System Strengths Professor Rodriguez Introduction For-profit hospitals provide a service to make a profit which is returned first to organizations and then to their shareholders. Non-profit hospitals exist first to provide a service and second to accumulate assets which are returned to the hospital ’s community in the form of additional services (Consumers Union‚ 1998). Johns Hopkins Hospital is non-profit healthcare organization that provides many service to the Baltimore community
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