Chapter 12: Problems and Applications #2.5, pg. 433. Alicia manages a Hollywood Video store and has
Question: Chapter 12: Problems and Applications #2.5, pg. 433.
Alicia manages a Hollywood Video store and has the following information on demand and costs:
| Q | P | TC |
| 0 | 6 | $3.00 |
| 1 | 5.5 | 7 |
| 2 | 5 | 10 |
| 3 | 4.5 | 12.5 |
| 4 | 4 | 14.5 |
| 5 | 3.5 | 16 |
| 6 | 3 | 17 |
| 7 | 2.5 | 18.5 |
| 8 | 2 | 21 |
a. To maximize profit, how many DVDs should Alicia rent, what price should she charge, and how much profit will she make?
b. What is the marginal revenue received by renting the profit-maximizing DVD’s)? What is the marginal cost of renting the profit-maximizing DVD’s)?
Price: $2.99
Solution: The answer consists of 2 pages
Deliverables: Word Document
Deliverables: Word Document
-
[Solution] Chapter 12: Problems and Applications #3.3, pg. 435. Use this graph to answer the questions that fol #15438
-
[Solved] Suppose the market for rice can be described by the following equations: Demand: Qd=5500-5P Supp #6943
-
[Solution] Assume that the market for tortillas is perfectly competitive. The market supply and demand curves f #14050
-
(Solved) For ABC Corporation as of December 31, 2002 prepare a Balance Sheet in proper order based on the fol #5633
-
Math Help
-
Math and Statistics Answers
