Question
Shaughnessy Consulting, LLC currently enjoys a patent on software that estimates economic damages for clients involved in personal injury lawsuits. Demand for my software is
Shaughnessy Consulting, LLC currently enjoys a patent on software that estimates economic damages for clients involved in personal injury lawsuits. Demand for my software is QD = 520 - 40P. Creating the software cost me about $1,475 in development and coding. I can produce a copy of the software for $6.50 per unit (constant cost).
- How many copies of the software should I attempt to sell?
- At what price should I sell it?
- How much profit would I make?
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Business Statistics For Contemporary Decision Making
Authors: Ken Black
9th edition
978-1-119-3208, 9781119334781, 1119334780, 1119320895, 978-1119320890
