Problems based on profit maximization as a goal

Assignment Help Other Subject
Reference no: EM13805321

Questions

1. Derive the equation for your demand curve from the two price and sales points discussed above.

2. Are you currently operating in the elastic or inelastic portion of your demand curve?

3. You are paid a sales commission based on your total sales. What price would you charge to maximize your bonus?

4. Is this price likely to be optimal from your firm's standpoint, which has profit maximization as a goal?

 

Reference no: EM13805321

Questions Cloud

Describe the diplomatic and economic and military actions : The diplomatic, economic, and military actions most likely to achieve your interests and objectives How would you apply various instruments of power
Assignment on health and society : health and society
What is the axial thermal stress and strain : What is the axial thermal stress and strain in AB if the structure is made out of wood (CTE= 0.000020/degF) or aluminum - what are the internal forces in each member?
Write essay on is owning overrated the rental economy rises : Write an argumantative essay about the article "Is Owning Overrated? The Rental Economy Rises" by Claire Cain Miller.
Problems based on profit maximization as a goal : . You are paid a sales commission based on your total sales. What price would you charge to maximize your bonus?
Advantages and disadvantages to using energy source : Write an essay with examples on conduction, convection, and radiation with relevant references. The paper must be at least 1500 words, double spaced, in standard fonts and contains at least two references.
Optimal number of boxes : What is the optimal number of boxes to order each time an order is placed? What is the total annual ordering cost?
Significant difference in levels of self-esteem : When is a Cohen's d calculated? Interpret d=.90. What does it mean in this example?
Formal stress diagnostic procedure : Why is it important for organizations to engage in formal stress diagnostic procedure?

Reviews

Write a Review

Other Subject Questions & Answers

  Define enzyme and describe the mechanism of enzyme activity

Define enzyme, and describe the mechanism of enzyme activity. What is ATP’s central role in the body? What type of bond is formed when you make or destroy this molecule?

  Radiation technologist inherited a substantial sum of money

A Radiation Technologist inherited a substantial sum of money from her grandfather. She wants to use that money to buy into partnership which owns an imaging group.

  Internet access-asymmetrical data subscriber line

Internet access is usually delivered through Cable Television (CATV), Asymmetrical Data Subscriber Line (ADSL), wireless (3G or Wimax), or by satellite. Point-to-point services are usually delivered using frame relay or dedicated data circuits such a..

  Analyze each companys history product services major

as the representative from your accounting firm or practice you are in charge of stock market analysis that will be

  What is un-usual about james condition

James began having panic attacks immediately after his mother died suddenly. As they became more frequent, he began to fear going into public situations where they might occur. Now he is unable to leave his apartment and has others go out to shop ..

  Determine the american dream how does gatsby represent this

what is the american dream? how does gatsby represent this dream? does the novel praise or condemn gatsbys dream? has

  Changes in healthcare delivery models changed the scope

How have changes in healthcare delivery models changed the scope and capabilities of HCISs over time?

  Design meal plan including food and drink to be consumed

Design a meal plan including food and drink to be consumed from day 4 prior to the event up to the night before the event. Design a meal plan for the follwing Day 4 pre-event, day 3 pre-event, day 2 pre-event, day 1 pre-event, morning of event, durin..

  One of my friends gets really aggressive when they get on

one of my friends gets really aggressive when they get on the drink they think everyone is looking at them and is

  Marketing communications memo

Select one of the following scenarios, where an organization is creating an integrated marketing communications plan to increase its customer base, as the basis for your memo:

  Prevent strategic surprise and deliver a decision advantage

The DIA is an all-source defense intelligence agency that is designed to prevent strategic surprise and deliver a decision advantage to warfighters, defense planners, and policymakers.

  Equal pay for men and women-comparable worth

Some critics have argued that such a thing is no longer needed and that there is no longer a gap in pay for men and women for the same job.

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