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The following figure shows MC, AC, AVC, and MR for a firm in a perfectly competitive market. The firm wished to choose an output that leads to maximum profit.
a) At what level of output will the firm operate?
b) What price will the firm charge?
c) What line indicates average cost at the maximum profit output?
d) What line indicates marginal cost at the maximum profit output?
e) Which block indicates the total cost of producing the maximum profit output?
f) Which block indicates the firm's total revenue at maximum profit output?
g) Which block indicates the firm's profit at maximum-profit output?
Creative Solutions, Inc. has a successful brand with the name Top Goal. The market size in which Top Goal competes is $2 billion, and Top Goal has generated sales of $150 million. It has a contribution margin of 30%.
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Suppose a company intends to offer a new service to some of its internal customers. Briefly discuss how the fact that the customers are internal would change the process of managing the four phases of the service life cycle.
Historical Transitioning and Growth of the U.S. Health Care System
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For all 12th graders the mean score was 61 with a standard deviation of 12. Who did better relative to what grade they are in? Show all supporting work.
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Last, you change battery life to a factor of 7 from 10 because it is less important than price, but more important than unit weight and hard drive size. Calculate the new scores. Which low-budget computer wins this time?
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