subject
Business, 18.10.2019 23:00 Bearboy5957

The camera shop sells two popular models of digital slr cameras (camera a price: 220, camera b price: 310). the sales of these products are not independent of each other, but rather if the price of one increase, the sales of the other will increase. in economics, these two camera models are called substitutable products. the store wishes to establish a pricing policy to maximize revenue from these products. a study of price and sales data shows the following relationships between the quantity sold (n) and prices (p) of each model: na-190-0.7pa 0.35ps na-300+0,07pa-0.5p construct a model for the total revenue and implement it on a spreadsheet. develop a two-way data table to estimate the optimal prices for each product in order to maximize the total revenue. vary each price from $250 to $500 in increments of $10. max profit occurs at camera a price of $ max profit occurs at camera b price of

ansver
Answers: 3

Another question on Business

question
Business, 21.06.2019 12:30
Which of the following is not an aspect of a menu's format? shapecolorsizenumber of pages
Answers: 1
question
Business, 22.06.2019 01:30
How will firms solve the problem of an economic surplus a. decrease prices to the market equilibrium price b. decrease prices so they are below the market equilibrium price c.increase prices
Answers: 3
question
Business, 22.06.2019 16:50
According to ceo heidi ganahl, camp bow wow requires a strong and consistent corporate culture to keep all local franchise owners "on the same page" and to follow a common template for the business and brand. this culture could become detrimental over time because: (a) strong consistent cultures are inflexible and incapable of adapting to environmental change (b) strong consistent cultures are too flexible and capable of adapting to environmental change (c) strong consistent cultures don’t perform well in any environment (d) the passing of time provides stability and predictability for businesses
Answers: 2
question
Business, 22.06.2019 22:20
What type of negotiating strategy requires the supplier to open its books to the purchasers? a. competitive biddingb. cost-based price modelc. price-based modeld. market-based price modele. transparent negotiations
Answers: 1
You know the right answer?
The camera shop sells two popular models of digital slr cameras (camera a price: 220, camera b pric...
Questions
question
Mathematics, 14.01.2021 01:00
question
Mathematics, 14.01.2021 01:00
question
Business, 14.01.2021 01:00
Questions on the website: 13722363