Question: Serendipity Sound Inc manufactures home theater sound systems in its

Serendipity Sound, Inc., manufactures home theater sound systems in its Minneapolis Division. The divisional sales manager has estimated the following demand-curve data.
Quantity Sold per Month Unit Sales Price
20.................................................................... $500
40.................................................................... 475
60.................................................................... 450
80.................................................................... 425
100................................................................... 400

Required:
1. Prepare a table similar to panel C of Exhibit 15–1 summarizing Serendipity Sound’s price, quantity, and revenue data.
2. Draw a graph similar to panel A of Exhibit 15–1 reflecting the data tabulated in requirement (1).



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  • CreatedApril 22, 2014
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