What should she charge per bus to maximize her profit

Assignment Help Business Economics
Reference no: EM13837986

Ginger makes and sells toy buses.

When she sells them for $3 each she just covers her expenses and have no profit.

She knows that if she sells them for $15 each she would sell so few she would also have no profit.

Right now she is selling them for $8 and has a profit of $280 dollars.

What should she charge per bus to maximize her profit?

Dollars

What would her profit be?

Dollars

Reference no: EM13837986

Questions Cloud

Find 1 article related to cloud-enabling technology : Find 1 article related to Cloud-Enabling Technology and to turn in the following: (1) TheURL of the article, (2) A brief summary of the article, and (3) a brief statement of your thoughts on the article. These items should be no more than 1 page in l..
Explain the nature of writing and writing instruction : Summarize and synthesize what writing scholars have learned about the nature of writing and writing instruction from your sources, integrating quotes and paraphrase into your own language skillfully and ethically
Safeguards against unreasonable searches and seizures : In this assignment, you need to work on the Fourth Amendment. Before starting on the assignment, make sure that you read about the Fourth Amendment and understand the nature/features of this amendment related to privacy. The Fourth Amendment safeguar..
What is the magnitude of the net electric field : what is the magnitude of the NET Electric Field
What should she charge per bus to maximize her profit : What should she charge per bus to maximize her profit? What would her profit be?
Determine design hydrograph at bridge site using rorb design : To determine the design hydrograph at a bridge site using RORB Design Brief: The accompanying diagram is a map of the upper Deep Creek rural catchment with sub-areas A, B, C, D, E and F marked in.
Foreign trade is part of the economy : Assume an open, mixed economy. That is, foreign trade is part of the economy, and the economy includes both a public (government) and a private (consumers and businesses) sector. Will these actions by Congress expand or contract the economy or are th..
Why are sweeping claims about fundamental sex differences : Why are sweeping claims about fundamental sex differences in the human brain misleading?
Probability that two of the three balls drawnout will be red : A box contains 6 red balls and 4 green balls. Three balls are to be taken from this box at random and with replacement. (That is, after each ball is taken out, we note its color but then replace it (i.e.put it back) in the box before drawing another ..

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

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