The following is a quote from GE Medical Systems web "Growth Through Acquisition – Driving our innovative spirit at GE Medical Systems is the belief that great ideas come from anyone, anywhere, at any time. Not only from within the company, but from beyond as well…. This belief is the force behind our record number of acquisitions." Under what conditions can a "growth-through-acquisition" strategy create value for shareholders?

Until recently, hamburgers at the city sports arena cost $4.70 each. the food concessionaire sold an average of 13 comma 000 hamburgers on game night. when the price was raised to $5.40, hamburger sales dropped off to an average of 6 comma 000 per night. (a) assuming a linear demand curve, find the price of a hamburger that will maximize the nightly hamburger revenue. (b) if the concessionaire had fixed costs of $1 comma 500 per night and the variable cost is $0.60 per hamburger, find the price of a hamburger that will maximize the nightly hamburger profit.