Question

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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