Question
Question #1(a) 8.0 points possible (graded, results hidden) Given, Q 1 = (4797/31) - (P 1 /31) Q 2 = (5261/14) - (P 2 /14)
Question #1(a)
8.0 points possible (graded, results hidden)
Given,
Q1 = (4797/31) - (P1/31)
Q2 = (5261/14) - (P2/14)
TC = 1695 + 15Q1 + 14Q2
Form the profit equation, and solve for the critical values.
(a) What is the critical value of Q1?
(Give your answer to two decimal places, if necessary)
unanswered
(b) What is the critical value of Q2?
(Give your answer to two decimal places, if necessary)
unanswered
(c) What is the value of |H2|?
(Give your answer to two decimal places, if necessary)
unanswered
(d) What is the value of maximum profit?
(Give your answer to two decimal places, if necessary)
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Question #1(e)
2.0 points possible (graded, results hidden)
Based on the value of |H2|, comment whether profit() is maximised or minimised.
Answer in one word.
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Internal Auditing An Integrated Approach
Authors: Richard E. Cascarino
2nd Edition
0702172693, 978-0702172694
