Question: In Example 7 . 1 Pricing Decision at Madison, if we obtain an estimated linear demand function, i . e . , D = 1
In Example Pricing Decision at Madison, if we obtain an estimated linear demand function, ie DP where D is demand and P is price of the product. We setup the excel file as the following screenshot.
PricingExcel.png
Q: In order to find the optimal price, in the "Solver Parameters" window, which method should be selected in the "Select a Solving Method"?
Group of answer choices
Simplex LP
Evolutionary
GRG Nonlinear
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