What more important: doing the right thing or doing things right?

How can firms use marginal analysis to determine the price of a product? a) profit maximization can occur when the marginal cost exceeds the marginal revenue. b) the total cost of production can determine the individual unit price of a product. c) marginal analysis can be used to determine at what price profit maximization occurs. d) firms can calculate the marginal cost of a product and set the price lower than the cost.

1. the community center is putting on a play. there are several things the crew has to create for the scenery. (a) they spent $6.17 on each of 4 poster boards. how much did they spend on poster boards in total? show your work. (b) they spent $200.20 total on new lighting. each of the four lights cost the same amount. how much did they pay per light? show your work. (c) if the total budget was $300, how much more can they spend? show your work.

Lydia finds a car that costs 13,000, and she has 2,500 saved for a down payment. if she qualifies for a 5% interest rate, how much will the interest be calculated on? 13,000? 12,000? 15,500? 10,500? in : )