Answer to Question #133100 in Other for Mpho

Question

Price per unit Demand Units Total costs
7 000 0 3 000
6 000 1 5 000
5 000 2 8 000
4 000 3 12 000
3 000 4 17 000
2 000 5 23 000
1 000 6 30 000

Required:
Using a tabular approach, calculate the marginal revenues and marginal costs for product G_Easy at the different levels of demand, and so determine the selling price at which Lefola Limited’s profits are maximized.

Answer 1

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