A manufocturer of microwaves hat discovered that femsin sheppen have little value for microwaves and attroute aimost no extra value to an autoadditional cost to incorporating an aute-defrost feature. Since men and women cannot be charged different prices for the same product, the manufacturer is considering introducing two different modeis. The manufacturer has determined that men value a simple microwave at s64 and one with aute-defrost at $115, while women value a simple microwave at $51 and one with auto-defrost at $64. Suppose the manufacturer is considegng three pricing strategles: 1. Market a single microwave, with auto-defrost, at $54, to both men and women. 2. Market a single microwave, with auto-defrost, at $115, to only men. 3. Market a eimple microwave to women, at \$51, Market a microwave, with auto-defrost, to men at 5101 . For simplicity, assume there is only 1 man and 1 woman and that if the price of a microwave is equal to an individual's willingness to pay, the ind vidual will parchase the microwave. Use the following table to indicate the revenue from men, the revenue from women, and the total revenue from each strategy. Suppose that, instead of one man and one woman, the market for this microwave consisted entiraly of men. For simplicity, vou can assume thly means that there are two men, and no women. Under these condivions, priciog strategy would maximize revenue for the manufacturef, A manufocturer of microwaves hat discovered that femsin sheppen have little value for microwaves and attroute aimost no extra value to an autoadditional cost to incorporating an aute-defrost feature. Since men and women cannot be charged different prices for the same product, the manufacturer is considering introducing two different modeis. The manufacturer has determined that men value a simple microwave at s64 and one with aute-defrost at $115, while women value a simple microwave at $51 and one with auto-defrost at $64. Suppose the manufacturer is considegng three pricing strategles: 1. Market a single microwave, with auto-defrost, at $54, to both men and women. 2. Market a single microwave, with auto-defrost, at $115, to only men. 3. Market a eimple microwave to women, at \$51, Market a microwave, with auto-defrost, to men at 5101 . For simplicity, assume there is only 1 man and 1 woman and that if the price of a microwave is equal to an individual's willingness to pay, the ind vidual will parchase the microwave. Use the following table to indicate the revenue from men, the revenue from women, and the total revenue from each strategy. Suppose that, instead of one man and one woman, the market for this microwave consisted entiraly of men. For simplicity, vou can assume thly means that there are two men, and no women. Under these condivions, priciog strategy would maximize revenue for the manufacturef
