math231E homework university of Illinois

B.1 Willingness to pay 20pt 100% Your startup wants to sell a new app on Apple store. Market research shows, that the fraction of people willing to buy the app at price $p ("willingness to pay") is exn(-Izn) (hore Iz is come naramotor say .31/$). homework, week 5 | yuliy baryshnikov 1. Find the price that will maximize your revenue. What fraction of customers will purchase the app, and what is the startup revenue? 2. What happens to the optimal price, fraction of customers purchasing the app and the revenue is Apple introduces a surcharge of $c per download