If a profit-oriented marketing manager doesn't know the exact shape of the firm's demand curve,marginal analysis
A)is useless.
B)may be useful anyway because a profitable region usually surrounds the best price.
C)will suggest the same price as break-even analysis.
D)suggests that the only sensible approach is to follow the market leader.
E)None of these answers is correct.

Question

Quizplus · Accepted Answer

Marginal analysis focuses on the price that earns the highest profit.But a slight miss doesn't mean failure,because demand estimates don't have to be exact; there is usually a range of profitable prices.

If a Profit-Oriented Marketing Manager Doesn't Know the Exact Shape