Assume that you are trying to determine the optimal contract length for your firm. You know the
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Question:
Assume that you are trying to determine the optimal contract length for your firm. You know the following information: Marginal Benefit of the Contract is fixed at: $981 Marginal Cost of the Contract is equal to: MC(L) = 126 + 5*L where L = length of the contract measured in months. What is the optimal contract length?
Related Book For
Managerial accounting
ISBN: 978-0471467854
1st edition
Authors: ramji balakrishnan, k. s i varamakrishnan, Geoffrey b. sprin
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