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Optimal product mix is at that point where net profit from thesales of that product mix is maximum.
the optimal level of advertising expenditure for the firm is determined where the marginal revenue increase in costs of advertising are equal to the marginal increase in revenue
It is how sellers determine the best possible price for their products for optimal profit.
You need to determine the bug's parameters for optimal growth - or otherwise.
Optimal control theory is a mathematical framework used to find the most effective way to control a dynamic system. It involves optimizing a performance criterion subject to constraints on the system's dynamics. This theory is widely used in engineering, economics, and other fields to solve problems related to decision-making and control.
WebMD is a great resource for all things medical. Using this site will give you information about 101 optimal life foods, helping to determine which of these foods are right for you.
PIt usually distorts rational decision making
PIt usually distorts rational decision making
A manager's career goals should be to advance as far as possible. If you want to move ahead a lot, you should try to advance your education.
Price elasticity of demand is a way to determine marginal revenue. Optimal revenue and, more importantly, optimal profit will occur to the point when marginal revenue = marginal cost, or the price elasticity of demand < 1.
The optimal way to determine when the US Mint will mint a specific coin is to refer to their web-site: USMINT.gov.