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.
Answer:
420 for chicken per kg and 1150 for goat
meat
Answer:
The marginal cost of driving the car is $7.50 + the cost of gas.
Explanation:
Initial cost: $29.95
200 miles you drove- 150 miles free= 50 miles you have to pay for
50 miles * 15 cents per mile
50* 0.15= $7.5
<u><em>$7.50</em></u>
I believe this needs to come from a non monetary source. Pure competition allows for no price change between firms. So profit maximization needs to come from market share. I believe the answer would have to be in service levels or ease of business improvements. If you are forced to have the same price levels the levers to pull are few but the exist only customer service, ease of transacting, other value add initiatives. Just my thoughts