Which of the following should be the primary goal pursued by the financial manager of a firm?a. Maximize net income (profits).b.
1 answer:
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Answer:
(a)
(b) profit = 95,683.33
Explanation:
C(x) = 5900 + 130 x
(a) Revenue, R(x) = Price × Quantity
(b) profit = R(x) - C(x)
At x = 1150
= 471,500 - 220,416.67 - 5,900 - 149,500
= 95,683.33