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how do you get both parts of b ? The following table shows two demand schedules for a given style of men's shoe-that is, how
how do you get both parts of b ?
The following table shows two demand schedules for a given style of men's shoe-that is, how many pairs per month will be demanded at various prices at Stromnord, a men's clothing store. Suppose that Stromnord has exactly 70 pairs of this style of shoe in inventory at the start of the month of July and will not recelve arty more pairs of this style until at least August 1. Instructions: Enter your answers as a whiole number a. If demand is D4, what is the fowest price that Stromnord can charge so that it will not run out of this model of shoe in the month of July? 5 What if demand is D2 ? Suppose that Stromnord has exactly 70 pairs of this style of shoe in inventory at the start of the month of July and will not receive any more pairs of this style until at least August 1 Instructions: Enter your answets as a whole number a. If demand is D1, what is the lowest price that Stromnord can charge so that it will not run out of this model of shoe in the month of July? $ What if demand is D2 ? b. If the price of shoes is set at $75 for bth July and August and demand will be D2 in July and D1 in August, how many pais of shoes should Stromnord order if it wants to end the month of August with exactly zero pairs of shoes in its inventory? pair(s) How many pairs of shoes should it order if the price is set at $55 for both months? pair Step by Step Solution
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