User Account

All Pages

Calculate the optimal price to maximize the profit

Assignment Help Business Management
Reference no: EM133046513

Assume a firm has FC of $1,200,000 per year and a VC of $15 per unit. If the firm assumed a constant elasticity of demand equal to -1.86 and set an overall demand equal to 500,000 units per year if the product was priced at marginal cost.

(a) Calculate the optimal price to maximize the profit.

(b) Calculate the optimal quantity at the optimal price to maximize the profit.

(c) Calculate the maximum profit the firm would achieve at optimal price and quantity.

Reference no: EM133046513

Questions Cloud

How should a job candidate dress for an interview : Explain step by step How should a job candidate dress for an interview?
Case-samsung exploding battery-customers : Samsung experienced of the first version of the NOTE7 due to faulty batteries that overheated and exploded in several incidents.
Conduct the statistical analysis : Use StatTools to conduct the statistical analysis asked below. For questions that ask for a price (or change in price), use zero decimal places in your final nu
CIVE 1184 Hydrogeology Assignment : CIVE 1184 Hydrogeology Assignment Help and Solution, RMIT University - Assessment Writing Service
Calculate the optimal price to maximize the profit : Assume a firm has FC of $1,200,000 per year and a VC of $15 per unit. If the firm assumed a constant elasticity of demand equal to -1.86 and set an overall dema
Definition of corporate governance : Question 1 How does corporate governance differ between corporations at a local domestic level, and other corporations having a multinational exposure and outre
Criticize the behavior of investment banks : A variety of scandals and the financial crisis of 2008/2009 has led many people to criticize the behavior of investment banks. How do you think about investment
Dealing with information overload : 1. How are you managing your e-mails now? Are you mixing personal and school and work-related emailsin the same account?
Facilitate improvements in organisational-workplace policies : Outline the organisational implementation methods to facilitate improvements in organisational and workplace policies and procedures.

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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