Answered step by step
Verified Expert Solution
Question
1 Approved Answer
14 pts You are given the following information and need to determine the best price for the really really expensive t-shirts you are selling to
14 pts You are given the following information and need to determine the best price for the really really expensive t-shirts you are selling to a concert at a the Bojangles Area, Price to demand Price: $150, Demand: 10.000 Price: $151.50, Demand: 9,800 Price: $153, Demand: 9,529 sold Cost to produce: $150 Answer the following 3 questions: 1. What is the revenue assuming a best guess of $180. 2. What is the optimized price? 3. What is the optimized income? Include your workbook with your calculations as a file upload
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started