Question: Looking for help on questions 3 to 5. in Solver. We have 3,000 Units of product to sell over a five day period. From historical
Looking for help on questions 3 to 5. in Solver.
We have 3,000 Units of product to sell over a five day period. From historical sales data, we have estimated the following demand curves P=price/unit in $ Q=number of units sold Day 1: P=10-0.01Q valid for prices between $3and $8. Day 2: same as Day 1 Day 3: P= 15-0.01Q valid for prices between $6 and $10 Day 4 P=20-0.01Q valid for prices between $6 and $12 Day5: same as Day 1 The revenue maximizing price for Day 1 is (Hint: Please keep one decimal point.), and quantity sold is (Hint: Please enter an integer.). The revenue maximizing price for Day 2 is (Hint: Please keep one decimal point.), and quantity sold is (Hint: Please enter an integer.).
Question 1 The revenue maximizing price for Day 1 is 5.5 (Correct answer) (Hint: Please keep one decimal point.), and quantity sold is 450 (Correct answer) (Hint: Please enter an integer.).
Question 2 The revenue maximizing price for Day 2 is 5.5 (Correct answer)(Hint: Please keep one decimal point.), and quantity sold is 450 (Correct answer) (Hint: Please enter an integer.).
Question 3 The revenue maximizing price for Day 3 is_________ (Hint: Please keep one decimal point.), and quantity sold is __________ (Hint: Please enter an integer.).
Question 4 The revenue maximizing price for Day 4 is _________ (Hint: Please keep one decimal point.), and quantity sold is __________ (Hint: Please enter an integer.).
Question 5 The revenue maximizing price for Day 5 is?________ (Hint: Please keep one decimal point.), and quantity sold is _________(Hint: Please enter an integer.).
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