### Calculate the revenue-maximizing price-output combination

##### Reference no: EM131372806

On weekends during summer months, Eric Cartman rents jet skis at the beach on an hourly basis.  Last week, Cartman rented jet skis for 20 hours per day at a rate of \$50 per hour. This week, rentals fell to 15 hours per day when Cartman raised the price to \$55 per hour.

Using these two price-output combinations, the relevant linear demand and marginal revenue curves can be estimated as

P = \$70 - \$10       and        MR = \$70 - \$2Q

Calculate the revenue-maximizing price-output combination.  How much are these maximum revenues?  If marginal cost is \$30 per hour, calculate prifits at this activity level, assuming TC = MC * Q.Calculate the profit-maximizing price-output combination along with revenues and profits at this activity level.

#### What are some of the steps that tower associates can take

What are some of the steps that Tower Associates can take to help mitigate and manage some of the risk involved if they proceed with the transaction, such as: foreign exchan

#### Develop break-even analysis of your nab company

Develop the following financial sections of your NAB company's Business Plan. Note:Attach the MS Word document to the discussion thread. Sources and use of funds, Plan assum

#### Create a plan for using power and influence

An important aspect of being an effective leader is the impact you create on your followers.  Create a plan for using power and influence to improve your leadership capabilit

#### The production function of william pizza shop

Which inputs are fixed and which are variable in the production function of William's pizza shop? Over what ranges do there appear to be increasing, constant, and

Counselling the President of Romania making recommendations for international trade. Address the following- o List at least one advantage as well as one limitation of internat

#### Recommendation for managing down sizing exercise

Breifly explain porter notion of being '' stuck in the middle''. Is it always True? Explain the three disadvantage of being a first mover organizationWhat are some recommend

#### Positive accounting profits

What price per pen would she need to charge in order to earn \$1 of positive accounting profits? \$1 of positive economic profits? (Round your answers to the nearest penny, if

#### Define the employment-at-will doctrine

Define the employment-at-will doctrine and defend it as fair to both the employee and the employer, using at least four (4) criteria. Give your reasoning as to two (2) insta