When does profit maximization occur?
a. when marginal variable costs equal average revenues
b. when marginal revenue equals marginal cost
c. when total costs equals average fixed revenue
d. when total costs equal total variable costs
Ans: b. when marginal revenue equals marginal cost
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Brand spiraling is using:
A) various online advertising techniques to develop a brand B) interactive marketing methods to build Web traffic C) traditional media to promote and attract customers to a website D) viral and permission marketing coupled with database technologies
Using Table 7.9, what is the difference, in dollars, between the minimum-time schedule and the schedule created by crashing all activities to their limits? Assume that there are no indirect or penalty costs
A) less than or equal to $1,000 B) greater than $1000 but less than or equal to $2,000 C) greater than $2000 but less than or equal to $3,000 D) greater than $3,000