13. Suppose you have two types of users for your software: basic users and professionals. The value...
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13. Suppose you have two types of users for your software: basic users and professionals. The value each group places on your basic program and your advanced program is given in the table below.
Value of Product | ||
basic users | Professionals | |
basic program | $50 | $60 |
advance program | $75 | $150 |
You don't know who exactly your basic and professional users are. How might you price your advanced program so that only your professionals buy that version and you maximize profits?
- $150
- $75
- $60
- $139
Related Book For
Managerial Economics A Problem Solving Approach
ISBN: 978-1133951483
3rd edition
Authors: Luke M. Froeb, Brian T. McCann, Mikhael Shor, Michael R. War
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