I want to know that If a question came in exam that ''How many Batches should company sell?"
Then it is compulsory to add Marginal Revenue and Marginal Cost column in table?
Although the most profitable demand can be calculated by simply subtracting total cost from total revenues?
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Pricing (Tabular Approach)
10y ago#1It does not matter how you do it (unless the question specifically asks for marginal revenue and marginal cost).
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If in a Tabular approach question, a students don't draw a table and solve the question roughly by subtracting total cost from total revenues then he or she will get full marks?
10y ago#3It does not have to be set out as a table (unless the question asks for one), but you must show your workings so that it is clear you understand what you are doing. The marks in Section B questions are for the workings rather than for the final answer.
The examiner wants to make sure that you understand what you are doing and are not just learning rules (which is why only 50% of the exam involves calculations).
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