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Hello! Would you be able to help me with this question? Given the following information in the table for four products, find the profit- maximizing

Hello! Would you be able to help me with this question?

  • Given the following information in the table for four products, find the profit- maximizing price for each product.

Product

Lowest Price

Medium Price

High Price

Low Price Demand

Medium Price Demand

High Price Demand

Unit Cost

Product 1

$1.40

$2.20

$3.00

100

40

5

$1.10

Product 2

$2.20

$3.00

$4.00

200

130

25

$1.50

Product 3

$45.00

$75.00

$95.00

400

300

130

$40.00

Product 4

$200.00

$250.00

$300.00

600

300

50

$120.00

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