--%>
Assignment Help - homework help

Profit maximizing strategy

Prohibition Corporation would exactly break-even on its St. Valentine’s Day software when, in place of correctly identifying its profit maximizing strategy, this: (1) operated at point i, charging just $20 per copy and producing 16 million copies. (2) priced the software at $48 and sold just 1.8 million copies. (3) charged $32 per copy and sold 10 million copies. (4) produced 13 million copies as well as sold them for $27 apiece.

1906_software of Elasticity.png

Hey friends please give your opinion for the problem of Economics that is given above.

   Related Questions in Microeconomics

  • Q : Large numbers of potential sellers in

    Features of pure competition do not comprise: (w) homogeneous products.(x large numbers of potential buyers. (y) important barriers to entry. (z) large numbers of potential sellers. Can anybody suggest me the prope

    		•
  • Q : Fixed constant cash flows in equal

    Financial instruments which promise fixed constant cash flows at equal time intervals forever are termed as: (1) coupon debentures. (2) perpetuities. (3) perennials. (4) residuals. (5) dividends. Please choose the righ

    		•
  • Q : Model of production possibilities

    Can someone help me in determining the right answer from the given options. The production possibilities frontier model can be employed to describe: (1) The scarcity. (2) Full employment, efficiency and limited resources. (3) The opportunity costs and

    		•
  • Q : Problem on free market economy A) Using

    A) Using appropriate tables and diagrams explain how price and quantity is determined in a free market economy. B) Briefly explain using the diagrams in 4.1 the followings two scenarios C) When

    		•
  • Q : Hicks Model of Collective Bargaining I

    I have a problem in economics on Hicks Model of Collective Bargaining. Please help me in the following question. The period of union strikes and the equilibrium wage rate at conclusion of a strike are the focus of: (i) Taft-Hartley Act of 1948. (ii) B

    		•
  • Q : Barriers to entry for new firms in

    Barriers to entry, that is:  (w) make this complicated or impossible for new firms to profitably enter an industry. (x) uniformly violate U.S. antitrust statutes. (y) are essentially technological instead of economic. (z) stimulate aggressive com

    		•
  • Q : Earn incentive to work When welfare

    When welfare recipients are needed to pay back $1 of benefits for each $1 of wages they earn, it will: (w) enhance the incentive to work. (x) weaken the incentive to work. (y) have no effect on the incentive to work. (z) reduce welfare benefits to the

    		•
  • Q : Thorstein Veblen-Biography Thorstein

    Thorstein Veblen is most particularly remembered for arguing that: (i) Consumer surplus is maximized by setting the marginal utility equivalent to price. (ii) National income [or NI] equivalents gross domestic product [or GDP] in circular flow model.

    		•
  • Q : Analytic Time-The Short Run I have a

    I have a problem in economics on Analytic Time-The Short Run. Please help me in the following question. Economists classify a time-period in which at least one resource is fixed as: (i) Short run. (ii) Long run. (iii) Production period. (iv) Profit period.

  • Q : Backward bending-supply curve of labor

    Supply curve of the labor is LEAST probable to be ‘backward bending’ for: (i) An individual worker. (ii) The economy as an entire. (iii) Highly specialized industries which are major employers of the specialized PhDs hired only after 10 years of experience

    		•