Determine the profit maximizing average daily production capacity for dermaplus

Once that happens, it will become much more difficult to vary the amount of labour used in the short run and therefore much more difficult to vary the monthly production of DermaPlusTM.

Determine the profit-maximizing average, Macroeconomics

Joy Ice Related Posts. Currently there are no plans for upgrading or adding to this equipment. Write a short report summarizing the results of your analysis and any recommendations. Kohwe currently has 5 million shares outstanding, and it has no other assets or opportunities.

Once the price has been set, BioMed and other manufacturers simply have to decide how much of the cream, if any, they want to produce and sell. Once that happens, it will become much more difficult to vary the amount of labour used in the short run and therefore much more difficult to vary the monthly production of DermaPlusTM.

Consequently, BioMed has to choose the size of its workforce and therefore its production capacity before it knows the price it will get for its product.

Over the last three years, the price of DermaPlusTM and related creams has been quite volatile and BioMed has tried to react to the changing price by varying its output level to constantly maximize its monthly profit.

Harry the CEO was pleased with your earlier work estimating and interpreting the demand function for QuickKitsTM, so he is asking you to complete another time-sensitive project that Selwyn was working on before he disappeared.

To reduce the uncertainty about this decision, Harry recently hired a consultant with expertise in the pharmaceutical industry and reference-based pricing to estimate the price that will be announced for DermaPlusTM. Identify one racial group from the list below: Before he disappeared, Selwyn had been asked to estimate the short-run cost functions for the DermaPlusTM manufacturing plant.

Currently there are no plans for upgrading or adding to this equipment. Depending on the success of the new product, Gladstone may have one of four values next year: A number of other firms produce creams that are almost identical to DermaPlusTM and the market for these creams is extremely competitive.

Consequently, BioMed has to choose the size of its workforce and therefore its production capacity before it knows the price it will get for its product.

Before he disappeared, Selwyn had been asked to estimate the short-run cost functions for the DermaPlusTM manufacturing plant. Under the new scheme, the government will set the price of DermaPlusTM and competing creams, and review that price every two years.

This is the best estimate the consultant can provide given the lack of information coming from the government about the issue. However, the workforce at the DermaPlusTM plant is just about to be unionized. To date, BioMed has been able to vary monthly production quite easily by taking advantage of a flexible, non-union workforce with a large number of part-time workers.

Once the price has been set, BioMed and other manufacturers simply have to decide how much of the cream, if any, they want to produce and sell. Harry explains that BioMed has a manufacturing plant that produces a prescription topical cream called DermaPlusTM, which is used for treating certain skin conditions.

Recommend an average daily production capacity for the next 12 months given the uncertainty about the price of DermaPlusTM. Once that happens, it will become much more difficult to vary the amount of labour used in the short run and therefore much more difficult to vary the monthly production of DermaPlusTM.

This is the best estimate the consultant can provide given the lack of information coming from the government about the issue. Recommend an average daily production capacity for the next 12 months given the uncertainty about the price of DermaPlusTM.

How did the various groups you researched fight this legislation. The goal was to use this information to determine the profit-maximizing output level and use that information to estimate the optimal size for the new unionized workforce.

Hospitals and pharmacies are the main buyers of DermaPlusTM. The market for this cream is extremely competitive. Assume that the following facts apply: Write a short report summarizing the results of your analysis and any recommendations.

You only have a week to complete the analysis, interpret the results, and summarize your findings and recommendations in a brief report. What explains the change in earnings per share in part a. The lease would also include maintenance. Are your shareholders any better or worse off.

This is the best estimate the consultant can provide given the lack of information coming from the government about the issue. How did the various groups you researched promote this legislation.

Why does your answer differ from that in part e. This is the best estimate the consultant can provide given the lack of information coming from the government about the issue. Determine the profit‐maximizing average monthly production capacity for DermaPlus™ for each of the possible reference‐based prices identified by the consultant.

Estimate the expected. Determine the profit‐maximizing average monthly production capacity for DermaPlus™ for each of the possible reference‐based prices identified by the consultant.

Estimate the expected monthly profit in.

May 06,  · Determine the profit‐maximizing average monthly production capacity for DermaPlus™ for each of the possible reference‐based prices identified by the consultant.

Estimate the expected monthly profit in each case. 2. Recommend an average daily production capacity for the next 12 months given the uncertainty about the price of DermaPlus™.5/5.

This question was answered on May 07, View the Answer Determine the profit?maximizing average monthly production capacity for DermaPlus? for each of the possible reference?based prices identified by the consultant. Estimate the expected monthly profit in each case.

2. Recommend an average daily production capacity for the next 12 months given the uncertainty about [ ]. 45 rows · Determine the profit‐maximizing average monthly production capacity for DermaPlus™ for. The profit-maximizing average daily production capacity at $ per unit is units. At this level of production, total revenue generated per day is equal to $40, with a total cost of $22, This level of daily production will yield a profit of $18,

Determine the profit maximizing average daily production capacity for dermaplus
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