Forum Replies Created
Viewing 3 posts - 1 through 3 (of 3 total)
- AuthorPosts
- December 2, 2012 at 1:43 am #109369
@miketye said:
Just had a quick look – The aim of Maximin is to maximise the minimum contribution and with a price of $500 the minimum contribution would be $175,200. The other 2 give contributions of $165,000 & $142,800
With a selling price of $600, the demand will be 420 pushchairs and variable costs $260. Revenue (600) – Var costs (260) = $340 x demand (420) = $142,800 contribution so you’d be better off going with a price of $500 which gives contribution of $175,200Thank you very much! good luck 🙂
December 1, 2012 at 11:42 am #107781December 1, 2012 at 11:41 am #107780Hi! If any of you have F5 Mock Exam, please share :)hakisaki88@yahoo.com
- AuthorPosts
Viewing 3 posts - 1 through 3 (of 3 total)