Question
Average and marginal cost is $300. Your price is 500 and you serve 1000 customers. You forecast sales of 1200 at a price of $450.
Average and marginal cost is $300. Your price is 500 and you serve 1000 customers. You forecast sales of 1200 at a price of $450. Which statement is true:
A. marginal rev is $450
B Cutting price to $450 will increase profits
C none of the above
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Quantitative Methods for Business
Authors: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams, Jeffrey D. Camm, James J. Cochran
13th edition
1285866312, 978-0357685648, 978-1285866314
