What is the revenue maximizing price

Assignment Help Microeconomics
Reference no: EM13877508

An apple grower charges $22 for a 40-pound crate of apple. If customers buy more than 5 crates, he reduces the price by $2 per additional crate. What number of crate per customer maximizes the grower's revenue per customer? What is the revenue maximizing price?

Reference no: EM13877508

Questions Cloud

What size has the higher mark up : Q1:= 7500 - 40 P1 + 25P2 , Q2:= 8000 + 20 P1 - 30 P2 , where Q1 and Q2 are the quantity demanded and P1 and P2 are the prices of first and second model. Determine the quantity/price combination of models that maximizes the producer's profit. What ..
Explaining how the marketing mix differs for each segment : A.  Using the table below, select an everyday product (dog food, cell phones, shoes, etc.).  Show how different versions of the product are aimed toward different market segments.  Use the note section for explanatory comments or observations.  Inclu..
Replacement of metallic automobile components : Write an essay on the replacement of metallic automobile components by polymers and composite materials. Address the following issues:
Prepare a classified balance sheet at july : Analyze transactions (a)-(e) to determine their effects on the accounting equation. Use the format shown in the demonstration case on page 69. Record the transaction effects determined in requirement 1 using a journal entry format. Summarize the jour..
What is the revenue maximizing price : An apple grower charges $22 for a 40-pound crate of apple. If customers buy more than 5 crates, he reduces the price by $2 per additional crate. What number of crate per customer maximizes the grower's revenue per customer? What is the revenue max..
Which theory do you think offers a better explanation : Which theory do you think offers a better explanation of manufacturing FDI from developed country firms to developing countries: Dunning's OLI paradigm or Vernon's Product Life Cycle theory? Explain your answer fully.
Prepare a classified balance sheet at december : Analyze transactions (a)-(e) to determine their effects on the accounting equation. Use the format shown in the demonstration case on page 69. Record the transaction effects determined in requirement 1 using journal entries. Prepare a classified bala..
The global motor vehicle industry : Question one:   What are the key success factors for a successful firm in the global motor vehicle industry?
Thermosetting polymers at room temperature : Which of the following would you expect to be elastomers and which thermosetting polymers at room temperature? Justify each choice.

Reviews

Write a Review

Microeconomics Questions & Answers

  Suppose virginia withdrew 10000 from her bank if the

suppose virginia withdrew 10000 from her bank. if the reserve ratio is 2 percent theen this transaction willl lead to

  Compute the social cost of this firms monopoly power

A small monopoly manufacturer of widgets has a constant marginal cost of $20. The demand for this firm's widgets.

  Automotive industry history-swott analysis

Brief history of the automotive industry, an automotive industry overview, and a SWOTT (Strengths, Weaknesses, Opportunities, Threats, and Trends) analysis of the automotive industry.

  Which country is relatively abundant in capital

The problem is relates to Economics and it is discuss about abundance factor endowments in the countries of US and Canada.

  Find the profit maximizing way to allocate minutes

Can you find the profit maximizing way to allocate minutes to the two plans so that each type of customer takes plan designed for him/her?

  You have been contracted by an economic consulting firm to

you have been contracted by an economic consulting firm to determine the economic structure and possible future actions

  Population standard deviation

A random sample of 121 students admitted to the top universities in the year 2009 shows a mean high school GPA of 3.57. The population standard deviation in GPA of students admitted to top universities is known to be 0.28.

  Econometrics homework212nbspnbsp table 2-9 gives data on

econometrics homework.2.12nbspnbsp table 2-9 gives data on the consumer price index cpi for all items 1982-1984100 and

  Question about ecomonic incentives

Economic incentives were at heart of westward expansion across North America in late 18th centuries, so let us apply some economic analysis to the condition.

  At what value of mc will there be no exports

At what value of MC will there be no exports? Take a picture of this situation and paste it in your Word document. What can you conclude about the effect of the number of firms on PS from a merger to monopoly (from the cartel)?

  Mtv and nickelodeon down to 12 to 18 percent at nbc and abc

television channel operating profits vary from as high as 45 to 55 percent at mtv and nickelodeon down to 12 to 18

  Use a simple partial equilibrium supply and demand

Use a simple partial equilibrium supply and demand model of international trade to explain

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