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Names: q , Trying to determine the price point to set a new high end washer and dryer combo at , marketing reports yield the
Names:
Trying to determine the price point to set a new high end washer and dryer combo at marketing reports yield the following estimated dat set based on price survys and demand studies. The best fit function for our data is where refers to the net income in thousands of dollars and refers to the price, point in dollars set for the washer and dryer cofmbo. Hint $ and $
Determine the solutions intercepts to the function
What is the minimum we can charge for the washerdryer combo in order to break even that is the point where we are charging just enough in order to cover our costs
How much money is too much to charge for the washerdryer combo such that we will no longer be making any profit?
How much money should be ideally charge for the washerdryer combo in order to maximize our net income?
If we charge nothing for the washerdryer combo, how much money will we lose from this production run?
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