At what price will the revenue be maximized

Assignment Help Operation Management
Reference no: EM131793687

A firm sells 100 TV sets per month at $300 each, but market research indicates that it can sell 1 more set per month for each $2 reduction of the price.

At what price will the revenue be maximized?

Reference no: EM131793687

Questions Cloud

Position-based and interest-based labour relations : Describe in detail at least five (5) clear differences between position-based and interest-based labour relations.
Discuss income effects of inventory methods : Laker Company reported the following January purchases and sales data for its only product
How many units should be produced to minimize average cost : How many units should be produced to minimize average cost?
Explain three ways you can critically analyze sources : Describe effective methods you used in identifying and narrowing down to just one of the two topics to further research for your final essay.
At what price will the revenue be maximized : A firm sells 100 TV sets per month at $300 each, but market research indicates that it can sell 1 more set per month for each $2 reduction of the price.
What is the implied monthly discount rate for the rent : Annuity due. Reginald is about to lease an apartment for 36 months. The landlord wants him to make the lease payments at the start of the month.
Understanding of university functions and critical operation : Based on your understanding of university functions and critical operations write an essay
How many units will minimize the average cosy : In Problem cost, revenue, and profit are in dollars and x is the number of units.How many units will minimize the average cost? Find the minimum average cost.
What amount of cash would keaton and meador have received : Keaton, Lewis, and Meador share profits and losses in a ratio of 2:4:4. What amount of cash would Keaton and Meador have received

Reviews

Write a Review

Operation Management Questions & Answers

  Understand the risks of operating a small business

Know the benefits and risks of completion? Understand the risks of operating a small business? Know the basics of a business plan? se and interpret financial ratios? Know the various classifications of marketing?

  The interest rate company pays on loans outstanding depends

The interest rate a company pays on loans outstanding depends on

  What strategy would you employ to mitigate the fallout

What strategy(ies) would you employ to mitigate the fallout from it?

  Purposes and functions of administrative agencies

What are some purposes and functions of administrative agencies? How can agency decisions and regulations be weighed against other public policy concerns? Should there be more or less legislative and judicial review of administrative actions?

  Maintaining long-term professional relationships

Assignment: Maintaining Long-Term Professional Relationships. One of the most important aspects of negotiating with someone or a business that you have a long-term and on-going relationship with is maintaining that relationship post-negotiation

  Executive team to manage the newly created organization

What specific steps should the board take to create an executive team to manage the newly created organization?

  What is the utilization rate of the service clerk

Sharp discounts Wholesale Club has two service desks, one at each entrance of the store. Customers arrive at each service desk at an average of one every six minutes with a Poisson distribtion. Te service rate at each service desk is four minutes per..

  Preschool escapee makes solo trek home

An intrepid toddler in England took matters into his own hands when he decided on his first day of class that preschool was not for him. Samantha Aldridge, 27, dropped her 3-year-old son, Alfie, off at the Knoll Mead Primary School in Surrey on a rec..

  Competitors are alleging that in important developing market

You are an independent consultant currently working for Philip Morris. Competitors are alleging that in important developing markets, such as Turkey, Philip Morris created special tobacco blends containing additives that give brands such as Marlboro ..

  Create additional service job-job in manufacturing sector

what multiplier effects are possible when we create an additional service job versus a job in the manufacturing sector.

  Describe a fictional healthcare organization

Describe a fictional healthcare organization: type, size of staff, and amount and type of patients it is able to serve. Establish the need for a system.

  Describe ways that the top management team-midlevel managers

Describe ways that the top management team, midlevel managers, and operating employees can participate in each step of the control process.

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