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It is how sellers determine the best possible price for their products for optimal profit.
"Optimal" can be defined in various ways. When looking from a profit maximization viewpoint, the level of production with the highest (return/cost) ratio will be the optimal. However, when looking purely from a productive viewpoint, the optimal level would be the one with the highest (output quantity/input quantity) ratio
Mr=mc
In profit maximization, the ultimate aim of the business is profit. When profit is the main target, focus on other factors like investment, expansion, usage of the product, creating goodwill, ethics, etc., are lost or given minimum priority.
Firms produce multiple products because the aim is to be a producer that maximizes profit. Firms produce multiple products to get maximum profit.
Optimal product mix is at that point where net profit from thesales of that product mix is maximum.
closing sales leads in most economically at maximum profit manner in minimum time.
closing sales leads in most economically at maximum profit manner in minimum time.
avation industry such aindustry that serves the people to reach their destination comfortibly safely in minimum time with full of satisfaction instead of maximum profit without cuttlement of minimum passenger aminity.
It is how sellers determine the best possible price for their products for optimal profit.
"Optimal" can be defined in various ways. When looking from a profit maximization viewpoint, the level of production with the highest (return/cost) ratio will be the optimal. However, when looking purely from a productive viewpoint, the optimal level would be the one with the highest (output quantity/input quantity) ratio
a firm is in equillibrim when it attains its maximum profit
Mr=mc
To highlight some particular piece of data when it reaches a value. Something like reaching a minimum required profit in a particular month.To highlight some particular piece of data when it reaches a value. Something like reaching a minimum required profit in a particular month.To highlight some particular piece of data when it reaches a value. Something like reaching a minimum required profit in a particular month.To highlight some particular piece of data when it reaches a value. Something like reaching a minimum required profit in a particular month.To highlight some particular piece of data when it reaches a value. Something like reaching a minimum required profit in a particular month.To highlight some particular piece of data when it reaches a value. Something like reaching a minimum required profit in a particular month.To highlight some particular piece of data when it reaches a value. Something like reaching a minimum required profit in a particular month.To highlight some particular piece of data when it reaches a value. Something like reaching a minimum required profit in a particular month.To highlight some particular piece of data when it reaches a value. Something like reaching a minimum required profit in a particular month.To highlight some particular piece of data when it reaches a value. Something like reaching a minimum required profit in a particular month.To highlight some particular piece of data when it reaches a value. Something like reaching a minimum required profit in a particular month.
for the profit business the vision is to enhance the possible outcome with the relevant whereas the mission statement would be how to overcome the busniess issues in dealinfg with the profit or how to motivate to get the maximum profit
TB-Depot.com they have both the solution manual and testbank
This would depend on; 1) How big a loss you can suffer and 2) How much profit you are targeting and how much you can afford to loss