Let C(x) = 7x + 450 and R(x) = 28x. (a) Write the profit function P(x). P(x) = Correct: Your answer is correct. (b) What is the slope m of the profit function? m = 21 Correct: Your answer is correct. (c) What is the marginal profit MP ? MP = 21.42 Incorrect: Your answer is incorrect. (d) Interpret the marginal profit. Each additional unit sold increases the profit by this much. The profit is maximized when this many units are sold. Each additional unit sold decreases the profit by this much. This is the smallest number of units that can be sold in order to make a profit. Correct: Your answer is correct.

What is product differentiation, and how can it be achieved ? what is product positioning? what conditions would head to head product positioning be appropriate?

Nellie lumpkin, who suffered from dementia, was admitted to the picayune convalescent center, a nursing home. because of her mental condition, her daughter, beverly mcdaniel, signed the admissions agreement. it included a clause requiring the par- ties to submit any dispute to arbitration. after lumpkin left the center two years later, she filed a suit against picayune to recover damages for mistreatment and malpractice. [covenant health & rehabilitation of picayune, lp v. lumpkin, 23 so.2d 1092 (miss. app. 2009)] (see page 91.) 1. is it ethical for this dispute—involving negligent medical care, not a breach of a commercial contract—to be forced into arbitration? why or why not? discuss whether medical facilities should be able to impose arbitration when there is generally no bargaining over such terms.

The smelting department of kiner company has the following production and cost data for november. production: beginning work in process 3,700 units that are 100% complete as to materials and 23% complete as to conversion costs; units transferred out 10,500 units; and ending work in process 8,100 units that are 100% complete as to materials and 41% complete as to conversion costs. compute the equivalent units of production for (a) materials and (b) conversion costs for the month of november. materials conversion costs total equivalent units