Question 3 n Shot ..57.33 PM 3 points Save Answer Suppose that you wanted to purchase a product and sell it at your online store. You must order the product in advance (say, Q units) and you have space for up to 30 units only. (You can only order whole units. So, for example, you cannot order 3.1 units.) You can get the product for a price of $2 per unit. However, the supplier has a great deal going on, offering a 96% discount, if one buys 10 units or more. (The discount works as follows: the buyer pays FULL PRICE ON THE FIRST 10 UNITS AND THEN RECEIVES A DISCOUNT OF 96% ON ALL ADDITIONAL UNITS). In addition to the procurement decision, you need to set the price. By policy, you want to limit yourself to a fixed price, that never changes. A study you have conducted shows that in order to sell Q units, your price must be (4 -0.15*Q). Example: If you purchase 20 units, your cost would be 10*$2+10*$2*0.04 = $20.8; if you wanted to sell the 20 units, the price would have to be: $4 - $0.15*20 = $1, and your revenue would be 20*$1 = $20. n Shot 1.59.16 PM The following is true (if multiple answers are true, you must select all true answers in order to get the full score). (All options are rounded to two digits.) The optimal order quantity is 7 units. The firm's optimal profit is $6.65. n Shot .00.42 AM The firm's optimal profit is $8.12. The optimal selling price of the product is $2.95. The firm's revenue is $22.65. The optimal order quantity is 13 units. n Shot .02.13 AM L A Moving to another question will save this response. > JUN 5 PAGES 3141593 9 A (ll Question 3 n Shot ..57.33 PM 3 points Save Answer Suppose that you wanted to purchase a product and sell it at your online store. You must order the product in advance (say, Q units) and you have space for up to 30 units only. (You can only order whole units. So, for example, you cannot order 3.1 units.) You can get the product for a price of $2 per unit. However, the supplier has a great deal going on, offering a 96% discount, if one buys 10 units or more. (The discount works as follows: the buyer pays FULL PRICE ON THE FIRST 10 UNITS AND THEN RECEIVES A DISCOUNT OF 96% ON ALL ADDITIONAL UNITS). In addition to the procurement decision, you need to set the price. By policy, you want to limit yourself to a fixed price, that never changes. A study you have conducted shows that in order to sell Q units, your price must be (4 -0.15*Q). Example: If you purchase 20 units, your cost would be 10*$2+10*$2*0.04 = $20.8; if you wanted to sell the 20 units, the price would have to be: $4 - $0.15*20 = $1, and your revenue would be 20*$1 = $20. n Shot 1.59.16 PM The following is true (if multiple answers are true, you must select all true answers in order to get the full score). (All options are rounded to two digits.) The optimal order quantity is 7 units. The firm's optimal profit is $6.65. n Shot .00.42 AM The firm's optimal profit is $8.12. The optimal selling price of the product is $2.95. The firm's revenue is $22.65. The optimal order quantity is 13 units. n Shot .02.13 AM L A Moving to another question will save this response. > JUN 5 PAGES 3141593 9 A (ll