Which price alternative will maximize total revenue

Assignment Help Operation Management
Reference no: EM13902343

The relationship d = 8000 40p describes what happens to demand (d) as price (p) varies. a. What is the maximum price that this market will bear? Explain. b. Model the expression (equation) for total revenue. c. Which price alternative will maximize total revenue? What are the values for demand and revenue at this price? d. If the variable cost to produce the item is $100, and fixed costs are $1000, find the breakeven volume. e. What is the minimum price that the company would likely be willing to charge? Explain. f. Which of the above prices would maximize profit? g. Graph the revenue, cost, and profit for this firm over the relevant range of prices.

Reference no: EM13902343

What arbitrage strategy has positive profits

If a bond expiring in one year, with face value of 100, is trading today for $95, and a similar bond expiring in two years is trading for $90, what should be the forward rate

Internet advertising and cash crunch case study

Internet Advertising and Cash Crunch Case Study on page 313 and answer the following questions: What unique value proposition(s) does Beyond Interactive offer to customers? Wh

Designing of the training experience

The systems approach to training and development suggests that there should be at least four or five specific steps in the process. An analysis of the needs of employees. Desi

Develop your skills feature

This chapter's "Develop Your Skills" (page 225 of your textbook) feature gave you some tips on assessing job candidates. Based on what you read in this chapter, what are five

What causes and perpetuates mental health stigma

Only about half of all Americans who have a psychological disorder will seek treatment. Although failure to seek mental health treatment can be attributed to a variety of fact

Environmental responsibility in product development process

You are the new product development manager for a new, improved version of a motorized scooter. Your company has made social responsibility a key initiative. How would you inc

Supply chain management functions to distribute your product

Describe how Movie theaters use the various supply chain management functions to distribute your product. In some cases where the product is in a fixed location, you may need

Marketing channels and supply chain management function

Describe how movie theaters use various marketing channels and the supply chain management function to distribute your product. In some cases where the product is in a fixed l


Write a Review

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd