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4 years ago

What is the profit maximization rule equation?

Business

1 answer:

ValentinkaMS [17]4 years ago

6 0

Answer:

mc=mr

Explanation:

This is because in economics, the profit maximization rule is represented as MC = MR, where MC stands for marginal costs, and MR stands for marginal revenue. Companies are best able to maximize their profits when marginal costs -- the change in costs caused by making a new item are equal to marginal revenues............................

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Honda Motor Company is considering offering a $ 1 comma 900 rebate on its minivan, lowering the vehicle's price from $ 29 comm

Debora [2.8K]

Answer:

It is a good idea as the profit will increase by 301,434,000

Explanation:

Profit with the rebate: 6,730

minivan sold 55,800

total profit:

55,800 x 6730 = 375,534,000

not we will calcualte the cost which is:

39,000 minivan will be sold at 1,900 lower cost:

39,000 x 1,900 = 74.100.000 opportunity cost

net : 375,534,000 - 74,100,000 = 301,434,000‬

8 0

3 years ago

Which of the following options communications sent to more than 25 prospective customers must be approved by the designated Regi

Rudik [331]

Answer:

D. All of the above

Explanation:

The options that are communicated and sent to more than 25 prospective customers must be in writing before to the use of Principal prior. It involves advertising, sales literature, and independent prepared reprints

The sales literature and the appearance with respect to the public are the 2 communciation channels for the public which do not required the permission of ROP as it followed firm policies and procedures

Hence, the correct option is d.

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4 years ago

Cynthia is a hospitality worker in the lodging industry who prefers to cater to small groups of people. She might want to open a

olga_2 [115]

She might want to open a Motel.

5 0

3 years ago

What is the advantage to a multi-criteria analysis?

telo118 [61]

Answer:

c. It is easily adaptable to as many suppliers as you need to evaluate

Explanation:

It involves many factor to analyze a decision due to variety of different assessments it has, it can be applicable to many supplier. It is very helpful to decision making because every aspect of each supplier is analyzed and makes a quality decision. Multi criteria analysis assess every supplier on different factors to find the difference between them and make a best decision.

8 0

3 years ago

Read 2 more answers

What is a product mix?

Leto [7]

<h2 /><h2>Answer:</h2>

Product mix, also known as product assortment or product portfolio, refers to the complete set of products and/or services offered by a firm. A product mix consists of product lines, which are associated items that consumers.

For example, your company may sell multiple lines of products.Or your product lines may be vastly different, such as diapers and razors.

8 0

3 years ago