When volvo runs ads suggesting that its cars are the safest that money can buy, it is trying to ________?
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. Find the price point on the demand curve for the quantity of items you plan to sell, to find your total revenue. The price point is the Y-coordinate of the demand curve given the X-coordinate as the quantity.
2. Subtract your cost to produce the good from the price point to find the profit per unit. For example, if the price point for 2,000 units equals $25 and you can produce the good for $10, subtract $10 from $25 to find that the profit per unit equals $15.
3. Multiply the profit per unit by the number of units to find your total profit from the demand curve. In this example, multiply the profit of $15 by the quantity of 2,000 to determine the profit to be $30,000.
2. Subtract your cost to produce the good from the price point to find the profit per unit. For example, if the price point for 2,000 units equals $25 and you can produce the good for $10, subtract $10 from $25 to find that the profit per unit equals $15.
3. Multiply the profit per unit by the number of units to find your total profit from the demand curve. In this example, multiply the profit of $15 by the quantity of 2,000 to determine the profit to be $30,000.
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When volvo runs ads suggesting that its cars are the safest that money can buy, it is trying to --position its product--
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