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Attempts Average / 2 4 . Individual Problems 14-1 Suppose Mattel, the producer of Barbie dolls and accessories (sold separately), has two types of consumers
Attempts Average / 2 4 . Individual Problems 14-1 Suppose Mattel, the producer of Barbie dolls and accessories (sold separately), has two types of consumers who purchase its dolls: low-value consumers and high-value consumers. Each of the low-value consumers tends to purchase one doll and one accessory, with a total willingness to pay of $48. Each of the high-value consumers buys one doll and two accessories and is willing to pay $92 in total. Mattel is currently considering two pricing strategies: . Strategy 1: Sell each doll for $24 and each accessory for $24 . Strategy 2: Sell each doll for $4 and each accessory for $44 In the following table, indicate the revenue for a low-value and a high-value customer under strategy 1 and strategy 2. Then, assuming each strategy
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