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Background We sell product A, and we are the only one seller available (monoply). If we flood the market with our products, we can only
Background We sell product A, and we are the only one seller available (monoply). If we flood the market with our products, we can only charge a low price. But if we limit our suply, we could charge a high price. Through our experience and historical data, we know approximately that the price = 300 - 2 x quantity. Please complete the output table. Calculate the price and the revenue given the quantity in cell A13. Plese use formulas to do the calculation, otherwise you cannot do step 3 successifully. Step 2 Step 3 In the sensitivity analysis table, we listed some alternative production quantity. Please use data table to calculate the revenue corresponding to each alternative quantity. Please answer which quantity generates the highest revenue. Please note that the other two tasks are in the next two worksheets Inputs Quantity 20 Outputs Price Revenue Sentitivity analysis Alternative Quantity
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