Question 312 pts Dixie understands that more often than not when they lower price Solo follows the price change. Based on historical data, it seems that the probability of Solo following Dixie's price decrease is about .6. Suppose Dixie is thinking about a 3% price decrease. What will be the effect on Dixie's sales? answer must me xx.xx% Question 322 pts Consider the following table part worth utilities from a forklift study commissioned by Clark Equipment Inc. Conjoint Results Product Configurations Attribute Feature PW Utility Clark Hyster Yale Reliability 25% less 2 10% less 1.5 Same 0 Transmission Automatic .75 X Standard 0 x Brand Clark 1.25 Hyster 1.5 Yale 0 Price $17,000 $19,000 0.5 $21,000 X Clark is attempting to attract prospects who might be considering purchasing a Hyster forklift. What price would Clark have to charge? Question 33 2 pts Suppose you are the manager of a Applebee's restaurant and you are considering running a Happy Hour in which your average price of a drink, which is $8, will be reduced to an average price of $5. What does your Contribution Margin % have to be in order for you to make as much profit from the Happy Hour as you would have if you had not lowered your prices