10) GE Fridges (2 points) Some GE refrigerators have ice and water dispensers that won't dispense ice or water unless your filter authenticates as an official component produced by GE. Suppose one popular model costs $800 to produce, and each filter costs just $10 to produce. Suppose further that GE has categorized their consumers into two groups: low-volume users, who buy two filters per year and value the water and ice dispensing fridge at $1000, and high-volume users, who buy six filters per year and value the water and ice dispensing fridge at $1200. GE is considering two pricing strategies: 8 ECON 6200 Module 4: Pricing for Greater Profit Pricing strategy 1: $980 for refrigerator & $10 for filters Pricing strategy 2: $940 for refrigerator & $25 for filters a) Which pricing strategy would GE prefer? (1 point) b) Based on the information in the question, I want you to come up with a better pricing strategy than what's been proposed. Specifically, what's the optimal price for the refrigerator and the optimal price for filters that will maximize profit (it's not pricing strategy 1 or 2)? (1 point) 10) GE Fridges (2 points) Some GE refrigerators have ice and water dispensers that won't dispense ice or water unless your filter authenticates as an official component produced by GE. Suppose one popular model costs $800 to produce, and each filter costs just $10 to produce. Suppose further that GE has categorized their consumers into two groups: low-volume users, who buy two filters per year and value the water and ice dispensing fridge at $1000, and high-volume users, who buy six filters per year and value the water and ice dispensing fridge at $1200. GE is considering two pricing strategies: 8 ECON 6200 Module 4: Pricing for Greater Profit Pricing strategy 1: $980 for refrigerator & $10 for filters Pricing strategy 2: $940 for refrigerator & $25 for filters a) Which pricing strategy would GE prefer? (1 point) b) Based on the information in the question, I want you to come up with a better pricing strategy than what's been proposed. Specifically, what's the optimal price for the refrigerator and the optimal price for filters that will maximize profit (it's not pricing strategy 1 or 2)? (1 point)