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Elena L [17]
2 years ago
11

4. Profit maximization and loss minimization

Business
1 answer:
Stella [2.4K]2 years ago
6 0

Jake is incorrect with his assertion that the BYOB should charge 2.25 per can.

<h3>What is Profit maximization and Loss minimization?</h3>

The process of Profit maximization ensures that favorable output and price are achieved to maximize its return while the process of Loss minimization ensures there is lower loss on return in the longer-run.

Price     QD      T*R(P*Q)   Total cost(ATC*Q)    Profit(TR-TC)

2          1000     2000              2750                    -750

2.25      750     1687.5                 2625                   -937.5

Given that loss realized is lower in $2 per unit than $2.25 per unit, then, Jake is not correct with his assertion that the BYOB should charge 2.25 per can.

Note: The point has been placed on the graph to indicate the profit-maximizing price and quantity for BYOB.

Read more about Profit maximization

<em>brainly.com/question/4171648</em>

#SPJ1

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Employee morale at dos Santos, inc., is very high. this type of information is an example of <u>Qualitative Data</u>

<h3>Qualitative data: What are they?</h3>

Information that approximates and characterizes is what qualitative data are. Qualitative information can be observed and recorded. This particular data type is not numerical. This kind of information is gathered using focus groups, one-on-one interviews, observations, and similar techniques. In statistics, categorical data, or information that can be categorized based on the characteristics and traits of an object or phenomena, is often referred to as qualitative data.

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