A business analyst describes his company's profit function as 3x2 + 6x - 200. If x is the output volume, what statements can you make about the price, fixed cost, and variable cost?
What will be an ideal response?
Answer: The fixed cost is $200, but we can't determine exactly what the price and variable cost are.
Business
You might also like to view...
Normal growth in demand + the obsolesce of the existing stock: Push the property values to the __________________
Fill in the blank(s) with the appropriate word(s).
Business
Focus groups should be used when the research objective is to predict rather than describe
Indicate whether the statement is true or false
Business