What important data are needed if maximum profit

Assignment Help Business Economics
Reference no: EM132504868

A lash adjuster keeps pressure constant on engine valves, thereby increasing fuel efficiency in automobile engines. The relationship between price (p) and monthly demand (D) for lash adjusters made by the Wicks Company is given by this equation: D = (2,000 - p)/0.10. What is the demand (Dˆ ) when total revenue is maximized? What important data are needed if maximum profit is desired?

Reference no: EM132504868

Questions Cloud

Issuing company before preferred stockholders : Who must be paid by an issuing company before preferred stockholders can be paid their dividends?
Provide a summary findings based on interview : Provide a summary of your findings based on your interview. Compare what you learned in the interview to what you expected to hear.
Compare and contrast cost push and demand pull inflation : Compare and contrast cost push and demand pull inflation
Determine the effect of the transactions : Determine the effect of each of the following transactions on the taxable business income. Joe has signed a contract to sell gadgets to the city
What important data are needed if maximum profit : What is the demand (Dˆ ) when total revenue is maximized? What important data are needed if maximum profit is desired?
Briefly explain the downside of slashing the budgets : Briefly discuss the various perspectives taken by these companies, and explain why everyone may not agree on the same level of importance for media.
What product or service are selling : What product or service are you selling? Who are you selling it to? That is, what firm, or type of firm would have a need for this product?
Record the transactions of the company : May 30 Sells all books purchased on May 2 (less those returned on May 5) for $3,200 on account. Record the transactions of the company
Describe the work culture at technico : What should Jane do? Why? What are the consequences of this decision and how will they be dealt with? How is it different from Jane's prior place of employment?

Reviews

Write a Review

Business Economics Questions & Answers

  Difference between nominal and real variables

Please explain the difference between nominal and real variables and give two examples of each.

  Money supply in the australian financial market

We studied how the Reserve Bank of Australia (RBA) can influence the money supply in the Australian financial market. Answer each question briefly.

  True about public sector projects-examples of benefits

The following are examples of benefits except: To convert inflated dollars into constant-value dollars, it is necessary to take inflated dollars and: Which is NOT true about Public Sector projects?

  Demanding one unit of the goods

There is a unit mass of consumers, each demanding one unit of the goods. Consumers' willingness to pay v is uniformly distributed on interval [0, 1].

  Mean credit card debt for individuals

A credit care company claims that the mean credit card debt for individuals is greater than $5,100. You want to test this claim.

  Concerned with the relationship between price of the output

In deciding whether to operate in the short run, the firm must be concerned with the relationship between price of the output and?

  Differences between private and public goods

What are the primary differences between private and public goods? Why might one be more efficiently provided by markets while the other is not? Explain.

  Banking system and money supply increase

You take $1000 you had kept under your mattress and deposit it in your bank account. If this $1000 stays in the banking system as reserves and if banks hold reserves equal to 20 percent of deposits, by how much does the total amount of deposits in th..

  Advertise and rival advertises

In a situation that occurs only once, if you advertise and your rival advertises, you will each earn $5 million in profits. If neither of you advertises

  Difference between theoretical and empirical growth models

1. What is the difference between theoretical and empirical growth models? What are the advantages and disadvantages of each? 2. William Easterly and Jeffrey Sachs disagree over the role that foreign assistance should play in promoting economic gro..

  Government sponsored job training program

Government sponsored job training program is no different from any other form of resource transfer since resources have been taken from higher valued uses to a lower valued use.

  Calculate the probability that their mean length

Suppose a simple random sample of n = 20 screws is selected. Calculate the probability that their mean length is greater than 4.265 millimeters.

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