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to be $ 7 per book. The publiaher plans to sell single - user access to the book for $ 4 9 . Through a
to be $ per book. The publiaher plans to sell singleuser access to the book for $
Through a series of webbased experiments, Eastman has created a predictive model that estimates demand as a function of price. The predictive model is demand where is the price of the book,
a Build a spreadsheet model to calculate the profithoss for a given demand. What is the demand?
b Use Goal Seek to calculate the price that results in breakeven. If required, round your answer to two decimal places.
c Use a data table that varies price from $ to $ in increments of $ to find the price that maximizes profit. If Eastman sells the singleuser access to the electronic book at a price of $ it will earn a maximum profit of
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