1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Lady_Fox [76]
4 years ago
15

GlaxoSmithKline (GSK) maximizes profit by producing a quantity of 800 pills where marginal cost is $2 and average cost is $4. Co

nsumers are willing to pay as much as $10 per pill when the quantity supplied is 800 pills. What is the maximum amount of profit that GSK can earn under these conditions?
Business
1 answer:
DiKsa [7]4 years ago
4 0

Answer:

The maximum amount of profit that GSK can earn under these conditions is $6400.

Explanation:

Profit will be maximized when p = MC. GSK's MC is $2. Consumers willingness to pay is $10.

maximum profit can be earned = (10 - 2)*800

                                                   = $6400

Therefore, The maximum amount of profit that GSK can earn under these conditions is $6400.

You might be interested in
The following data (in millions) are taken from the financial statements of Target Corporation: Recent Year Prior Year Revenue $
Sliva [168]

Answer:

1.88%  and $1,339

Explanation:

The computation of the amount of change revenue is shown below:-

Amount of change revenue = Recent year - prior year

= $72,618 - $71,279

= $1,339

Percentage of change revenue = (Recent year - prior year) ÷ Prior years

= ($72,618 - $71,279) ÷ $71,279

= $1,339 ÷ $71,279

= 1.88%

We simply applied the above formulas

8 0
3 years ago
A firm produces three types of computers (small, medium, and large). Demand for the computers is such that 100 small, 200 medium
salantis [7]

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation  

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

4 0
4 years ago
From the list below, which items are classified as a materials activity:
Katena32 [7]
Im gonna go with e sorry if it’s wrong
6 0
3 years ago
A demand curve is built on the assumption that
Natali5045456 [20]

Answer: A demand curve is built on the assumption that only the demand and price of the good/service will change.

Explanation: A demand curve is a graph that shows the change in how much demand may change if price of the good/service changes well. The graph helps connect the relationship between both price and demand

6 0
3 years ago
A(n) _____ refer(s) to a detailed description of a brand's current marketing position.
NemiM [27]

Answer: Situation analysis

Explanation:

  The situation analysis is the collection of all the methods which is specifically used by the manager in an organization for analyzing both external and the internal environment of the firm.

 It is the process of evaluating the growth of the company and the potential of the customers in terms of business. The importance of the situation analysis is that it provide strength and various types of opportunities in the market.

 Therefore, Situation analysis is the correct answer.

   

3 0
3 years ago
Other questions:
  • The balance in the prepaid rent account before adjustment at the end of the year is $21,000, which represents three months’ rent
    10·1 answer
  • What is the basis for economics
    12·1 answer
  • A new mall will be constructed in a large city. Why are business owners most likely viewing a topography map before construction
    5·1 answer
  • A person has a choice between an apple or an orange. The person chooses the apple. What is the opportunity cost of choosing the
    8·1 answer
  • On January 1, Year 7, Colorado Corp. purchased a machine having an estimated useful life of 8 years and no salvage value. The ma
    7·1 answer
  • According to the​ video, Goodwill has often had to cut prices due to poor​ ______ conditions.
    15·2 answers
  • On November 15, Paulson Painting received a $6,000 cash payment from Apex Inc. in exchange for painting services to be provided
    7·1 answer
  • How would an increase in demand affect the equilibrium price in a​ market? A. The equilibrium price decreases. B. The equilibriu
    6·1 answer
  • Sprinkle Co. sells its product for $60 per unit. During 2016, it produced 60,000 units and sold 50,000 units (there was no begin
    8·1 answer
  • A company's perpetual preferred stock currently trades at $87.50 per share, and it pays an $8.00 annual dividend. If the company
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!