Question: please answer with correct and detailed calculations and explanations. make sure supporting statements are also provided for each step and calculation. QUESTION 7 Ralph and

please answer with correct and detailed calculations and explanations. make sure supporting statements are also provided for each step and calculation.

please answer with correct and detailed calculations and explanations. make sure supporting

QUESTION 7 Ralph and WP have decided to use a buyback coordinating mechanism. If the production cost of each paper is $0.2, the wholesale price is $0.7 the retail price is $1 and the demand is normally distributed with a mean of 550 and a standard deviation sigma (c)=10 then, Which buyback price, b, would maximize the supply chain profit? O $0 O $0.25 O $0.47 O $0.63 O $0.75

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