Mba 5004 final exam Study guides, Class notes & Summaries

MBA 5004 Final Exam Answers Last document update:   ago

1. A relation known with certainty is called a: a. statistical relation. b. multiple regression. c. deterministic relation. d. simple regression. B_ 2. A direct relation exists between the price of one product and the demand for: a. complements. b. substitutes. c. normal goods. d. inferior goods. A A B A _C 3. When MRQ = $25, PX = $200, and MPLX = 8, employment of X: a. is optimal. b. should expand. c. should contract. d. none of these. 4. If the productivity of variable ...

MBA 5004 Final Exam Answers 2019 (South University Online). Last document update:   ago

MBA 5004 Final Exam Answers 2019 (South University Online) Question 1 1. Primary objective of management 2. Value of the firm = $187,131.17 Question 2 1-What would be the quantity for revenue maximization and profit maximization? P=$36-$2Q Total revenue, TR=P*Q TR=($36-$2Q) *Q TR=36Q-2Q^2 MR=dTR/dQ MR=36-4Q Revenue is maximized at the point where, MR=0 MR=36-4Q 36-4Q=0 4Q=36 Q=36/4 Q=9 units, this is the quantity for revenue maximization. Question 3 price elasticity of demand...

MBA 5004 Final Exam Answers 2019 (South University Online). Last document update:   ago

MBA 5004 Final Exam Answers 2019 (South University Online) Question 1 1. Primary objective of management 2. Value of the firm = $187,131.17 Question 2 1-What would be the quantity for revenue maximization and profit maximization? P=$36-$2Q Total revenue, TR=P*Q TR=($36-$2Q) *Q TR=36Q-2Q^2 MR=dTR/dQ MR=36-4Q Revenue is maximized at the point where, MR=0 MR=36-4Q 36-4Q=0 4Q=36 Q=36/4 Q=9 units, this is the quantity for revenue maximization. Question 3 price elasticity of demand lowest -- ordering ...