D. minimum price of OP1 per unit QUESTION 15 (4 Marks) Mr Browns owns and operate a dog grooming. Figure 15.1 shows the
Posted: Wed Jul 06, 2022 6:30 pm
QUESTION 15 (4 Marks) Mr Browns owns and operate a dog grooming. Figure 15.1 shows the cost and revenue curves for a pet grooming session. Initially, Mr Browns sets his price to maximise profits. Figure 15.1: Costs, Revenue per grooming session
17 KU Co 16 MR MC Quantity of treatments per day AR Calculate the change in total supernormal profit if Mr Browns changes his objective from profit maximisation to revenue maximisation.
A. R225 B. R117 Calculate the change in total supernormal profit if Mr Browns changes his objective from profit maximisation to revenue maximisation. C. R108 MR D. R125 Quantity of treatments per day AR
D. minimum price of OP1 per unit 17 KU Co 16 MR MC Quantity of treatments per day AR Calculate the change in total supernormal profit if Mr Browns changes his objective from profit maximisation to revenue maximisation.
A. R225 B. R117 Calculate the change in total supernormal profit if Mr Browns changes his objective from profit maximisation to revenue maximisation. C. R108 MR D. R125 Quantity of treatments per day AR