Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Microsoft charges a price of $ 5 9 9 for a copy of Windows 7 . Is this pricing decision rational? A . Microsoft's choice
Microsoft charges a price of $ for a copy of Windows Is this pricing decision rational?
A Microsoft's choice cannot be rational: the price is clearly more than most people are willing and able to pay
B We cannot assume that this pricing decision was rational because we do not have enough information to make an assumption.
C When we assume the managers at Microsoft have used all available information and have weighed all known benefits and costs, we are assuming rationality.
D Microsoft's choice was rational: the price will maximize profit.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started