Mba 5004 final exam Study guides, Class notes & Summaries
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MBA 5004 Final Exam Answers
- Exam (elaborations) • 8 pages • 2024
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1. A relation known with certainty is called a: 
a. statistical relation. 
b. multiple regression. 
c. deterministic relation. 
d. simple regression. 
B_ 2. A direct relation exists between the price of one product and the demand for: 
a. complements. 
b. substitutes. 
c. normal goods. 
d. inferior goods. 
 A 
 A 
 B 
 A 
_C 
3. When MRQ = $25, PX = $200, and MPLX = 8, employment of X: 
a. is optimal. 
b. should expand. 
c. should contract. 
d. none of these. 
4. If the productivity of variable ...
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MBA 5004 Final Exam Answers 2019 (South University Online).
- Exam (elaborations) • 5 pages • 2020
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MBA 5004 Final Exam Answers 2019 (South University Online)

Question 1

1. Primary objective of management 

2. Value of the firm = $187,131.17

Question 2

1-What would be the quantity for revenue maximization and profit maximization?

P=$36-$2Q

Total revenue, TR=P*Q

TR=($36-$2Q) *Q

TR=36Q-2Q^2

MR=dTR/dQ

MR=36-4Q

Revenue is maximized at the point where, MR=0

MR=36-4Q

36-4Q=0

4Q=36

Q=36/4

Q=9 units, this is the quantity for revenue maximization.

Question 3

price elasticity of demand...
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MBA 5004 Final Exam Answers 2019 (South University Online).
- Exam (elaborations) • 5 pages • 2020
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- $12.49
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MBA 5004 Final Exam Answers 2019 (South University Online) Question 1 1. Primary objective of management 2. Value of the firm = $187,131.17 Question 2 1-What would be the quantity for revenue maximization and profit maximization? P=$36-$2Q Total revenue, TR=P*Q TR=($36-$2Q) *Q TR=36Q-2Q^2 MR=dTR/dQ MR=36-4Q Revenue is maximized at the point where, MR=0 MR=36-4Q 36-4Q=0 4Q=36 Q=36/4 Q=9 units, this is the quantity for revenue maximization. Question 3 price elasticity of demand lowest -- ordering ...
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