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The file songdata.xlsx gives the values several hundred people place on 15 downloadable songs. A.If you charge a single price for all songs, how can

The file songdata.xlsx gives the values several hundred people place on 15 downloadable songs.

A.If you charge a single price for all songs, how can you maximize revenue?

If you can charge two different prices for songs, how can you maximize revenue?

Tips for question A: 1. Calculate the customer surplus first. 2. Customers buy only if their customers surplus is higher than the price. Constraint: The price must be lower than $3

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