MBA 5004 (MBA 5004)

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...