WMW's cost of producing a deluxe marble kits per week is c = 225g + 2500....
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WMW's cost of producing a deluxe marble kits per week is c = 225g + 2500. (a) (3 pts) Find the price that WMW should set to maximize their weekly profit, the corresponding profit maximizing output and their maximum weekly profit. (b) (1 pt) Show how you know that the profit you found in (a) is WMW's absolute maximum weekly profit. (c) (2 pts) The Whoville city council decides to impose a $44.25 per kit production tax on WMW. How much of this tax should WMW pass on to consumers in the form of a price increase in order to maximize their weekly profit under this new condition? WMW's cost of producing a deluxe marble kits per week is c = 225g + 2500. (a) (3 pts) Find the price that WMW should set to maximize their weekly profit, the corresponding profit maximizing output and their maximum weekly profit. (b) (1 pt) Show how you know that the profit you found in (a) is WMW's absolute maximum weekly profit. (c) (2 pts) The Whoville city council decides to impose a $44.25 per kit production tax on WMW. How much of this tax should WMW pass on to consumers in the form of a price increase in order to maximize their weekly profit under this new condition?
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To find the price that WMW should set to maximize their weekly profit the corresponding profitmaximizing output and their maximum weekly profit we nee... View the full answer
Related Book For
Accounting for Decision Making and Control
ISBN: 978-0078025747
8th edition
Authors: Jerold Zimmerman
Posted Date:
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