Question
Question 4: Xbox One XProduct: Microsoft Xbox One X 1TB ConsoleSuggested selling price: $389.90Sales in 2018: 29.4 million unitsVariable cost per unit: $116Fixed cost per
Question 4: Xbox One XProduct: Microsoft Xbox One X 1TB ConsoleSuggested selling price: $389.90Sales in 2018: 29.4 million unitsVariable cost per unit: $116Fixed cost per unit: $50Price elasticity for high-end gaming console: 2.6Question 4.1: Please create a linear demand curve based on the given information. (10 pts)[Please type the equation of the linear demand curve]The marketing manager of Microsoft would like to know if the current suggested selling price ($389.90) can yield the maximum profits. If not, what is the profit maximization price for Xbox One X? (20 pts)
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