Question: Hasbro conducted market research by assembling several focus groups and asking their opinions on their newest Furby' toy. Extrapolating the focus groups' outcomes lead the

 Hasbro conducted market research by assembling several focus groups and asking

Hasbro conducted market research by assembling several focus groups and asking their opinions on their newest Furby'\" toy. Extrapolating the focus groups' outcomes lead the marketing team to believe that 50,000 Furbies could be sold at a price of $34.99. However, if they lowered their price to $29.99, twice as many Furbies could be sold. 5. A price function, p(x). dictates what price should be set depending on how many units should be sold, x. 3.. Find the linear demand equation (price function) for Hasbro's newest Furhies. b. Using your price function from 4a, what would Hasbro's Revenue Function, ROE), be

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