Question
A B C PRODUCT PRICE LARGE SCREEN 100 110 120 $13 MED SCREEN 55 40 SMALL SCREEN 40 35 $7 COST REVENUE $2075 $2125 PROFIT
|
| A | B | C | PRODUCT PRICE |
| LARGE SCREEN | 100 | 110 | 120 | $13 |
| MED SCREEN | 55 | 40 |
| |
| SMALL SCREEN | 40 | 35 | $7 | |
| COST |
|
|
|
|
| REVENUE | $2075 | $2125 |
| |
| PROFIT | $275 | $330 |
|
Please answer the next 10 questions based on the information provided in the table above for a profit-maximizing firm producing HD TVs. Any of the three output combinations of HD TVs can be produced for the same cost.
The product price of a medium screen TV is ______.
The cost of producing combination B is _____.
The profit generated by producing combination B is _____.
The revenue generated by producing combination C is _____.
The cost of producing combination A is ______.
The cost of producing combination C is ______.
The amount of medium screen TVs in combination B is _____.
The amount of small screen TVs in combination C is _____.
The profit-maximizing output combination for this firm is _____.
If the product price of a medium screen TV increases to$10, ceteris paribus, then the profit-maximizing output combination for this firm is _____.
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Strategic Management Theory And Cases An Integrated Approach
Authors: Charles W. L. Hill, Melissa A. Schilling, Gareth R. Jones
13th Edition
0357033841, 978-0357033845
