if the monopolist can engage in perfect price discrimination, c. $130 is the average revenue when 7 ties are sold.
What is price discrimination?
A selling tactic known as price discrimination involves charging clients various rates for the same good or service depending on what the vendor believes they can persuade the customer to accept. When a merchant uses pure price discrimination, they charge each consumer the highest price they will agree to. In more prevalent types of price discrimination, the supplier divides clients into groups based on particular characteristics and assesses a different price to each group.
The basis for price discrimination is the seller's conviction that specific groups of consumers can be requested to pay more or less depending on their demographics or how much they value the goods or service in issue.
The profit gained through dividing the marketplace makes price discrimination the most valuable.
To learn more about price discrimination
https://brainly.com/question/29989422
#SPJ4
which of the following is true of competitive advantage? group of answer choices it can be measured by using only tangible outcomes. it requires a company to consistently outperform its rivals in generating above-average profits. it is usually achieved by firms that provide general as well as imitable products. it should be avoided by not-for-profit organizations.
The truth of competitive advantage is: requires a company to consistently outperform its rivals in generating above-average profits.
What is true of competitive advantage?It is true that competitive advantage requires a company to consistently outperform its rivals in generating above-average profits. Competitive advantage refers to the factors or attributes that allow a company to produce goods or services better or more cheaply than its competitors, which results in higher profitability.
These advantages can be either tangible (such as unique technology or access to resources) or intangible (such as brand reputation or customer loyalty), and can change over time as competitors catch up or market conditions change.
Read more on competitive advantage here:https://brainly.com/question/14030554
#SPJ1
Which financial statement reports a firm's assets, liabilities, and equity at a particular point in time?
A. Balance Sheet
B. Income Statement
C. Statement of Retained Earnings
D. Statement of Cash Flows
jill, the director of the marketing, often holds large free form brainstorming session open to anyone in the company when working on innovation and new product ideas is an example of:
Jill holding large, open brainstorming sessions for anyone in the company to participate in when working on innovation and new product ideas is an example of an open innovation approach.
What is the marketing aboout?This approach encourages collaboration and inputs from various levels and departments within the company, as opposed to a more traditional approach of limiting new product development to a small, centralized team.
Therefore, By including a wide range of perspectives, open innovation can lead to more diverse and potentially groundbreaking ideas.
Learn more about marketing at:
https://brainly.com/question/25754149
#SPJ1
which of the following is an example of a firm that is failing its fundamental social responsibility? multiple choice a firm that uses resources at unsustainable rates a firm that prioritizes environmental sustainability a firm that is financially unstable a firm that has its loss margins exceeding its profit margins
Option 1st is correct. A firm that uses resources at an unsustainable rate is an example of a company failing to meet its basic social responsibilities.
Do something for your community, like volunteering, donating blood, or working at a food bank or animal shelter. Support issues that affect society, such as advocating for political or social issues that can help others. For example, advocating for child labor laws, buying fair trade products, and recycling.
Her four main types of CSR are social responsibilities, ethical responsibility, philanthropic responsibility and financial responsibility.
Corporate social responsibility refers to the obligation to choose and carry out desirable behaviors in relation to the goals and values of our society.
According to Carroll Model, his four levels of corporate social responsibility are:
Physically, economically, socially and legally. physically, financially, legally and ethically. charitable, economic, legal, ethical.
There are four corporate social responsibilities: environmental responsibility, ethical responsibility, philanthropic responsibility and economic responsibility. However, companies can also consider various forms of CSR. Diversity, inclusion, well-being, employee engagement, etc.
Know more about social responsibilities here:
https://brainly.com/question/13528806
#SPJ4
3. what is the present value of $100 per year for 10 years plus an extra $200 in year 10 if the interest rate is 8% per year?
The present value of $100 per year for 10 years plus an extra $200 would be $100.
What is present value?The worth of an expected income stream calculated as of the date of valuation is known as the present value (PV), sometimes known as the present discounted value, in economics and finance. The time value of money, which refers to the ability of money to generate interest, causes the present value to be less than the future value most of the time. However, when interest rates are zero or negative, the present value will be equal to or greater than the future value. A dollar invested today can earn interest today, increasing the value of the dollar to more than a $1 tomorrow. This is why a dollar now is worth more than a dollar tomorrow. Less money was initially borrowed than was ultimately paid back to the lender.
Present value= $200-$100= $100
To learn more about present value, visit:
https://brainly.com/question/28304447
#SPJ4
a credit is used to decrease which of the following accounts? multiple choice service revenue. common stock. salaries payable. cash.
A credit is used to reduce Cash among the following accounts. Credit also helps to build a good credit history, which is essential for obtaining other forms of credit.
What do you mean by Credit?
Credit is an agreement in which a borrower receives something of value now and agrees to repay the lender at the future date with interest. It is the ability to borrow money, goods or services in exchange for giving a lender a promise to repay the debt at a later date with interest. Credit also refers to an individual’s ability to borrow money, goods or services. It is also the borrowing power of a person or an entity, which is usually determined by the creditworthiness of the borrower. Credit is an important financial tool used to purchase goods and services, finance investments and make payments. It can help individuals and businesses to reach their financial goals.
So, The required answer is Cash.
To learn more about Credit:
https://brainly.com/question/13964348
#SPJ4
which should be entered on a cash flow budgeting tool?
In a cash flow budgeting tool, include the money spent on everyday expenses, bills, and savings.
What is cash flow budgeting ?A cash flow budget forecasts a company's cash flow over a given time period. The data is used to determine whether we have enough cash on hand to maintain regular operations over the specified timeframe.
It can also provide guidance on how to allocate our budget effectively. If we have a surplus at the end of the period, we can use it to explore new opportunities or expand your business.
Therefore, the cash flow budget is a short-run tool and is used to determine if a plan is financially feasible.
To learn more about cash flow budget, click here:
https://brainly.com/question/29379135
#SPJ1
select the account classification that matches with the description.items financial statements a. the change in retained earnings due to net income and dividends. b. amount of cash received from borrowing money from a local bank. c. revenue from sales to customers during the year. d. total amounts owed to workers at the end of the year.
The account classification under revenues includes sales of products or services, stockholders' equity includes owners claiming resources, and dividends include distributions to stockholders.
Assets, liabilities, stockholders' equity, dividends, income, and expenses are all types of accounts. The selling of goods or services generates income for the company. According to the accrual approach, revenue is only recorded until a business has fulfilled its duty to provide customers with goods or services by doing so. To determine the company's profitability or bottom line, expenses are subtracted from sale revenue. The account classification can be done as follows:
Revenues- Sales of products or services Stockholders quity- Owners claims to resources Dividends- Distributions to stockholdersExpenses- Costs of selling products or services.Assets- Resources of a companyLiabilities- Amounts owed.Indicate for each transaction whether the account would be categorized as a revenue or expense in the income statement, an asset, liability, or stockholders' equity in the balance sheet, or as a dividend in the statement of stockholders' equity.
To know more about account classification, refer:
https://brainly.com/question/28604343
#SPJ4
Correct question is:
Select the account classification that matches with the description.
Classifications: Assets, Dividends, Expenses, Liabilities, Revenues, and Stockholders' equity
Descriptions:
- Sales of products or services
- Owners claims to resources
- Distributions to stockholders
- Costs of selling products or services
- Resources of a company
- Amounts owed
the united states, which has a very capitalistic economy, has introduced social welfare programs such as social security. china, which is a communist country, has adopted many capitalist practices. one can conclude that: multiple choice question. all countries are moving toward capitalism, but they are not there yet pure communist or capitalist countries rarely exist today capitalism and communism are not as unrelated as they seem socialism is the only economic system that works
One can infer that pure communist or capitalist nations seldom exist today. Many individuals consider the American political-financial framework being democratic and capitalist. option (A) is correct.
A political-monetary and social framework and philosophy gave a three-sided construction of a market-driven economy that is predominately in light of a popularity-based nation known as an equitable private enterprise, likewise alluded to as a socialist majority rule government.
The USSR fills in as the paradigmatic outline of a halfway-arranged economy. In an ordered economy, rather than an unrestricted economy, where independent specialists pick the cost and portion of assets, products, and administrations, these choices are made by the public authority.
Learn more about capitalistic economy:
https://brainly.com/question/1075029
#SPJ4
This question is not complete , Here I am attaching the complete question:
The united states, which has a very capitalistic economy, has introduced social welfare programs such as social security. china, which is a communist country, has adopted many capitalist practices. one can conclude that: multiple choice question.
(A) all countries are moving toward capitalism, but they are not there yet
(B)pure communist or capitalist countries rarely exist today
(C) capitalism and communism are not as unrelated as they seem
(D) socialism is the only economic system that works
Where would you plot full employment on a production possibilities frontier?
O a point on the PPF
O a point beyond the PPF
O a point below the PPF
O No answer text provided.
On a production possibility curve frontier, a point on the PPF represents full employment.
What is a point on the frontier of production possibilities?A point on a PPF is, by description, productively efficient in the sense that all of the economy's resources are fully utilized, with no waste or unemployment. However, from the standpoint of the consumer (or society), a specific set of goods might not be efficient.
What are the points beyond the production potential frontier?Points beyond the frontier of production possibilities are inaccessible. The frontier symbolizes the points obtained by utilizing resources most efficiently under current technology. Any point beyond that is not achievable with current technology.
To know more about employment visit:
https://brainly.com/question/29100856
#SPJ1
China and Germany specialize in the production of silk and automobiles respectively. They are considered the best at their specializations. Assume that China chooses not to trade silk with Germany in exchange for automobiles. Which perspective is China using in regards to not trading to another country which provides a specialization they do not have? absolute advantage comparative advantage new trade theory porter's model
China is using the concept of comparative advantage in regards to not trading with Germany.
Which viewpoint does China hold when it comes to refusing to trade with nations ?Comparative advantage refers to the idea that a country will specialize in the production of goods and services in which it has a lower opportunity cost relative to other goods and services. Since China is considered to be the best at producing silk, it has a lower opportunity cost in producing silk compared to producing automobiles. On the other hand, Germany has a lower opportunity cost in producing automobiles compared to producing silk.Therefore, China has a comparative advantage in producing silk, and Germany has a comparative advantage in producing automobiles. By specializing in the production of goods in which they have a comparative advantage, both countries can benefit from trade. Porter's model refers to a framework used to analyze the competitiveness of an industry or a company.To learn more about trade refer:
brainly.com/question/14926566
#SPJ1
Which of these feature debt securities or instruments with maturities of one year or less? None of these are correct. Primary Markets Over the Counter Markets Money Markets Secondary Markets
The correct answer is option d. Money market is the feature of debt securities or instruments with maturities of one year or less.
The money market can be defined as the trading in very short-term debt investments. At the wholesale level, it usually involves large-volume trades that exist between institutions and traders. At the retail level, it includes all the money market mutual funds bought by individual investors and the money market accounts opened by normal bank customers.
The money market is one of the major pillars of the global financial system. It involves the overnight swaps of massive amounts of money between banks and the U.S. government. The majority of money market transactions are based on wholesale transactions that usually take place between financial institutions and companies.
To know more about money market refer to-
brainly.com/question/24029977#
#SPJ4
Complete question
Which of these feature debt securities or instruments with maturities of one year or less?
a. None of these are correct.
b. Primary Markets
c. Over the Counter Markets
d. Money Markets
e. Secondary Markets
if the marginal benefit of an activity exceeds the marginal cost of the activity (mb > mc), we should multiple choice question.
If an activity's marginal benefit is greater than its marginal cost (mb > mc), the activity should be increased.
In managerial accounting, the idea of marginal cost is crucial because it may be used to maximize production through economies of scale within an organization.
By producing at the point where marginal cost (MC) equals marginal revenue, a business can optimize its earnings (MR).
Because fixed costs are fixed regardless of output levels, larger production spreads the total fixed cost over more units, resulting in a lower fixed cost per unit.
Production levels affect variable costs, so increasing the number of units will increase those costs.
Companies need to be aware of the situations where growing production leads in step costs due to changes in relevant ranges (such as buying more machinery).
To know more about the Marginal cost visit:
https://brainly.com/question/7781429
#SPJ4
what type of staffing approach emphasizes the norms and practices of the parent company by relying on pcns at its subsidiaries of the mne?
By depending on PCNs at its MNE subsidiaries, an ethnocentric staffing model highlights the norms and practices of the parent firm.
What is ethnocentric staffing?
Ethnocentric hiring practices are common in businesses with a strong international strategic emphasis. Employers from the home or parent countries are typically sent to the host country to implement this policy by the corporate headquarters. This strategy works best in certain circumstances, such as when a team from the home country is deployed to assist with the setup of a new plant and to teach subordinate staff about a new system. As foreign managers need a broad viewpoint and exposure to other cultures, having staff members from the home country overseas has the advantage of allowing employees to develop experiences on a global scale.
To learn more about ethnocentric staffing visit;
https://brainly.com/question/30114470
#SPJ4
a collection of individuals whose common work experiences result in the development of a system of interpersonal relationships that extend beyond those established by management is a(n) .
The development of a system of interpersonal relationships that extend beyond those established by management is Workgroup.
What is interpersonal?Interpersonal skill is the ability to effectively interact and communicate with others. It includes being able to recognize emotions in others and respond to them appropriately, as well as the ability to work together towards a common goal. Interpersonal skills are important in all aspects of life, from relationships to the workplace. They help us to build strong relationships, understand others, take part in meaningful conversations, and deal with conflicts in a positive and effective way. Good interpersonal skills can also lead to enhanced self-esteem, better job opportunities, and a happier, more fulfilling life.
To learn more about interpersonal
https://brainly.com/question/30236725
#SPJ4
based on the following information, what is earnings per share? common shares outstanding 80,000 preferred stock dividend declared and paid $ 32,000 net income $ 280,000
Earnings per share (EPS) is a financial metric that measures the amount of net income earned by a company for each outstanding share of common stock.
It can be calculated by dividing the net income by the number of outstanding common shares:
EPS = Net Income / Common Shares Outstanding
Using the information provided:
EPS = $280,000 / 80,000 = $3.50
Note that the preferred stock dividend paid of $32,000 is not considered in the calculation of EPS, as it is paid to preferred shareholders rather than common shareholders. EPS is a commonly used financial ratio that provides investors with an idea of the company's profitability and potential for future growth. It is used to compare the earnings of different companies and to help investors assess the potential return on their investment.
To know more about Earnings per share:
https://brainly.com/question/30324507
#SPJ4
your goal is to increase retention and loyalty for your brand. what type of video campaign should you use to achieve that goal?
To achieve this goal, you should use an engaging video campaign that focuses on creating an emotional connection with your audience.
What is goal?Goal is a desired result or outcome that a person or group of people strives to achieve. It is an aim or purpose that is set out to be accomplished. Goals can be short-term, such as finishing a task in a day, or long-term, such as achieving a promotion at work. Setting goals provides a person with motivation, direction, and a sense of accomplishment when the goal is achieved. Goals can be categorized into personal, professional, educational, and financial goals. Goals can be individual or shared. Individual goals are set by a single person, while shared goals are set by two or more people working together towards a common objective. Goals can be adjusted to reflect changes in life and circumstances. Achieving goals requires dedication, hard work, and perseverance.
To learn more about goal
https://brainly.com/question/25534066
#SPJ4
today, danielle will deliver a proposal to branches of her firm across the country via videoconference. what strategy will help danielle effectively connect with her distance audiences?
Danielle will be able to effectively connect with her distant audiences and deliver her proposal successfully to branches of her firm across the country.
In order to effectively connect with her distant audiences, Danielle must adopt a strategy that takes into account the challenges of delivering a presentation remotely.
One important factor in connecting with remote audiences is to ensure that the video and audio quality are of a high standard.
This can be achieved by using a reliable internet connection and a good quality camera and microphone. Danielle should also ensure that she is well lit, and that her background is professional and uncluttered.
Another key element to connecting with remote audiences is to engage them through the use of interactive elements, such as slides or graphics, and to encourage interaction through the use of questions or quizzes.
Danielle could also consider using polls or other interactive tools to engage her remote audiences and ensure that they are fully invested in the presentation.
Finally, Danielle should ensure that her presentation is well structured, with clear, concise and engaging language that is easy for remote audiences to understand. She should also consider breaking her proposal down into smaller, manageable sections, and using visual aids to help explain complex ideas or concepts.
To know more about firm here.
https://brainly.com/question/27978868
#SPJ4
franco has pulled an overlap report to learn more about his brand's audiences. he sees an affinity score of 2. what does this indicate?
If the audience has an affinity of 2, they are 50% more likely to have preferences similar to the initial audience choice.
Which of the following tactics has been demonstrated to tenfold improve reach of high intent shoppers?Display advertising can reach 10X more high-intent consumers than PPC alone, claims Amazon.
An Amazon affinity score is what?The affinity score calculates the degree to which a target audience and an adjacent audience are similar. The more similar the audiences are, the better the affinity score. The audience's size is determined by comparing it to all other Amazon audiences.
Which audience option enables marketers to connect with customers who have already viewed a certain product detail page on Amazon?Views remarketing ads will retarget people who have already seen the detail page for your product or people who have already seen detail pages for related goods and categories.
To Know more about initial audience
https://brainly.com/question/30491185
#SPJ4
a total of $9000 is invested: part at 5% and the remainder at 13%. how much is invested at each rate if the annual interest is $550?
The interest from the 5% investment is 5% * x = 0.05x and the interest from the 13% investment is 13% * ($9000 - x) = 0.13 * $9000 - 0.13x, giving the total annual interest of $550. When we combine the two interest expressions, we get 0.05x + 0.13 * $9000 - 0.13x = $550.
The term "investing" describes the deployment of funds or capital with the hope of achieving an income or capital gain. It can come in a variety of shapes, such as stocks, bonds, property, and commodities, among others. Growing wealth through time is the aim of investing, which is frequently done with a long-term horizon in mind. Assets are risky because there is no assurance of a positive return and because the value of investments can change. However, for those trying to increase their wealth, investing is frequently an appealing alternative due to the potential for longer-term greater returns compared to savings accounts or other low-risk assets. Prior to making an investment, it's critical to think about your financial objectives, risk appetite, and time horizon. It is also advised to diversify your investments to minimise risk.
Learn more about Invested here:
https://brainly.com/question/29805243
#SPJ4
which of the following is not a provision of the public company accounting reform and investor protection act of 2002 (sarbanes-oxley)? the act: multiple choice regulates the types of non-audit services that can be performed by auditors for audit clients. changed the entity responsible for setting accounting standards. requires rotation of the lead partner on an audit every five years. increased accountability of corporate executives.
Last option is correct. Enhancing corporate management accountability is not a provision of the Public Enterprise Accounting and Investor Protection Act of 2002 (Sarbanes-Oxley).
The Sarbanes-Oxley Act of 2002 is a US federal law that mandates certain practices regarding the keeping and reporting of corporate financial records.
Law, 116 Stat. 745, enacted July 30, 2002), also known as the Public Company Accounting Reform and Investor Protection Act (Senate) and the Corporate and Auditing Accountability, Responsibility, and Transparency Act (House of Representatives), and more commonly the Sarbanes-Oxley , SOX, or Sarbox contains 11 sections that set the requirements for all boards of directors, management and accounting firms of publicly traded US companies. Many provisions of the law also apply to private companies, including willful destruction of evidence to prevent federal investigation.
The law was enacted in response to a series of major corporate and accounting scandals involving Enron and WorldCom. Sections of the bill would cover the responsibilities of the Corporation's board of directors, add criminal penalties for certain misconduct, and issue securities rules to determine how the Corporation must comply with the law. Request to the Trade Commission.
Know more about Enterprise here:
https://brainly.com/question/18551533
#SPJ4
yield management systems are used to . group of answer choices all of the choices are correct. create elastic demand for low-involvement products determine the availability of product substitutes in complex industries that are experiencing rapid change predict necessary service levels to achieve revenue goals profitably fill unused capacit
Yield administration is a dynamic motel pricing method designed to produce the maximum revenue, or yield, from a set inventory of rooms. It's about perception and influencing traveler booking behavior and discovering the top-quality balance between occupancy and rate
Where is yield administration used?Industries that use yield management consist of airlines, hotels, stadiums and different venues with a fixed range of seats, and advertising.
Yield administration systems are used to: determine whether or not it is financially more viable to purchase a new product or repair a broken one. determine the availability of product substitutes in industries that are experiencing rapid change. predict vital service degrees required to attain income goals.
Learn more about Yield management here:
https://brainly.com/question/17003985#SPJ4Yield administration is a dynamic motel pricing method designed to produce the maximum revenue, or yield, from a set inventory of rooms. It's about perception and influencing traveler booking behavior and discovering the top-quality balance between occupancy and rate
Where is yield administration used?Industries that use yield management consist of airlines, hotels, stadiums and different venues with a fixed range of seats, and advertising.
Yield administration systems are used to: determine whether or not it is financially more viable to purchase a new product or repair a broken one. determine the availability of product substitutes in industries that are experiencing rapid change. predict vital service degrees required to attain income goals.
Learn more about Yield management here:
brainly.com/question/17003985#SPJ4true or false ending retained earnings reported on the statement of retained earnings is calculated by adding stockholder investments and net losses and subtracting net income and dividends.
False. Ending retained earnings reported on the statement of the retained earnings is calculated by adding stockholder investments and the net losses and then subtracting net income and dividends.
A retained earnings statement is a financial statement that shows changes in a company's retained earnings over a period of time.
This statement uses information such as net income from other financial statements to reconcile the beginning and ending retained earnings for the period to help analysts understand how the company's earnings are being used.
A statement of retained earnings is an annual financial statement prepared by a company that shows changes in the amount of retained earnings over a period of time.
Retained earnings are earnings that a company retains to invest in future projects rather than being distributed as dividends to shareholders.
An analyst can look at the statement of retained earnings to understand how the company intends to use its profits for growth.
To know more about retained earnings, here:
https://brainly.com/question/13503607
#SPJ4
An entrepreneur is a person who opens and manages his or her own business.
T OR F?
Which financial statement reports elements that describe changes in assets and liabilities?
if you were asked to develop a low-cost provider strategy for a start-up ride-sharing business, what would you most likely not recommend?
The option that most likely not recommended is Offer low prices on short-distance rides. In the other side, the eliminate peak pricing for rides during rush hour also not recommended.
In the term of business and economic, A marketing strategy generally can be defined as a long-term plan for achieving a company's goals. The marketing strategy can be achieve by understanding the needs of customers and creating a distinct and sustainable competitive advantage. Marketing strategy encompasses everything from determining who your customers are to deciding what channels you use to reach those customers.
Here you can learn more about marketing strategy https://brainly.com/question/29376574
#SPJ4
financial markets fluctuate daily because they: group of answer choices offer tremendous arbitrage opportunities. slowly reacting to new information. are inefficient. only reflect historical information. are continually reacting to new information.
Financial markets fluctuate daily because they are inefficient. Information asymmetries, transaction costs, market psychology, and human emotion are just a few of the causes of market inefficiencies.
As a result, there may be opportunities for extra profits when certain assets are overvalued or undervalued in the market. Markets are effective because it is challenging to make money through active management, and prices often reflect the knowledge that is accessible. The market, however, is ultimately sufficiently inefficient to encourage some active management that seizes profit possibilities. Lack of or inadequate communication at work is one of the most pervasive factors contributing to inefficiencies.
To learn more about market, click here.
https://brainly.com/question/15483550
#SPJ4
which manufacturing logistics application of iiot includes the resources to move a product of service from the supplier to the customer?
consumer surplus for an individual buyer is equal to: a) the consumer's willingness to pay for the good minus the marginal cost of producing the good. . b) the price of the good minus the marginal cost of producing the good. c) the consumer's willingness to pay for the good minus the price of the good. d) the marginal cost of the good minus the consumer's willingness to pay for the good
Consumer surplus for a single buyer is determined by c) the consumer's willingness to pay for the good minus the price of the good.
When consumers pay less than they are willing to pay for a good or service, this is known as a consumer surplus.
It's a gauge of the extra gain that customers experience as a result of paying less than they would have otherwise.
A customer's excess advantage is quantified economically as consumer surplus, sometimes referred to as buyer's surplus.
It is determined by calculating the equilibrium price, which is the gap between what consumers are willing to pay and what they actually pay for a commodity.
Buyers' willingness to pay for an item less the consumer surplus represents the market.
To know more about Consumer surplus, visit:
https://brainly.com/question/15416023
#SPJ4
refer to scenario 16-1. how much profit will peter earn each day if he chooses the price and quantity that maximize his profit? a. $225.90 b. $109.60 c. $208.10 d. $352.00
The profit that peter earn each day if he chooses the price and quantity that maximize his profit will be $352.00.
What is profit maximization?Profit maximization is the process by which businesses ensure that the best output and price levels are achieved in order to maximize their returns.Here,
Profit maximization necessitates that the firm's marginal revenue and marginal cost be equal. MR = MC So the answer is $352.00.
a) In economics, profit maximization occurs when the difference between total revenue (TR) and total expense is as large as possible (TC). In other words, it happens when a product's marginal revenue exceeds its marginal cost. (MR = MC).
b) Profit maximization occurs when the derivative of the profit function with respect to input is zero. This characteristic is known as a first-order condition.
As a result, the amount that maximizes his profit is $352.00.
To learn more about profit maximization refer to :
https://brainly.com/question/28253283
#SPJ4