Question: If bottom excel table is the answer to the middle problem, can you please help me find answer to top question using same table format.
(1) (Single-Period Pricing) Suppose that one day we have 150 units of product to sell. From our understanding of demand conditions, we estimate that 300 units could be sold at $10 each or 100 units at $30 each, and that quantity demanded is approximately linear as a function of price. (For simplicity, assume that a single linear relationship holds over the full range of potential prices) How should we price the product to maximize total revenue derived from our fixed inventory? Froblem 1 (Single-Prried Friking): Suppeie that ane dy we have 200 utite of preduct to aed. Freen our iedentanding of demand cenditiens, we entimate that Denaand +60030 Priot. How sauld we price the product to maxinite total revene derked from deur fect inventeryt is there any opportusity cost (fost revenis) Hew imuth is in
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