Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The Excel le in Blackboard contains recent annual sales and prices of several similar games for a certain popular cell phone platform. You are a

The Excel le in Blackboard contains recent annual sales and prices of several

similar games for a certain popular cell phone platform. You are a developer that has just

nished writing a new game and would like to publish it with this platform's store. You do

not expect to incur in any more costs developing the product. The app store typically keeps

20% of your revenue but, in order to give an incentive to sellers, the app store will only

charge 15% of revenue to successful apps selling more than 60,000 units a year, and 10% to

top-selling apps with more than 85,000 units sold.

Assume that there are no extra (in-game) charges beyond the price to acquire the game.

How much should you charge for your game assuming that the prices and sales given are for

comparable games to the one you want to bring to market.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Commanding Heights The Battle For The World Economy

Authors: Daniel Yergin, Joseph Stanislaw

1st Edition

068483569X, 9780684835693

More Books

Students also viewed these Economics questions