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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.
Find the trade-offs (pros and cons) between an internal and an external growth strategy
How does the use of interdisciplinary teams reflect the christian values of Grand Canyon University. How would you support the mission as a team.
In Supply Chain, what is the significance of order penetration point in gaining competitive advantage. Help me in providing the discussions through product characteristics, demand characteristics, and what would be the strategy? Provide examples w..
A large company, has two choices. It can counter by announcing that it too will release a competing product. Alternatively, it can choose to cede the market for this product. As a manager, what move should the company make to portray a strong pos..
For instance does anyone recall the Single Audit Act that you confidently talked about (with dozens of other topics? Just in humble terms, how does that apply to an organization receiving federal grant money?
individual assignment - analysis and briefing this assessment requires students to prepare a briefing aimed at the ceo
important information about global communicationsyouve started a company one that translates software into many other
Make an interesting distinction between 'internal' and 'external' customers?
In his classic article "The Individual and Organization - Some Problems of Mutual Adjustment," Chris Argyris argues that organizations work against the motivations of healthy, fully-functioning adults.
How might the policy analyst manage the communication of the final report or recommendation in this case?C
Many retail stores offer to match or beat the price offered by the rival store. Explain why firms that belong to a cartel might make this offer?
In brief explain new-venture creation versus corporate renewal. Diagram and discuss the entrepreneurial process. Give an outline of the table of contents of the typical business plan.
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