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you have engaged in a market study to categorize your patients willingness to pay for their vaccine into 10 equal sized groups: $100, $90,$80,$70,$60,$50,$40,$30,$20,$10. All
you have engaged in a market study to categorize your patients willingness to pay for their vaccine into 10 equal sized groups: $100, $90,$80,$70,$60,$50,$40,$30,$20,$10. All of your cost are fixed except labor and materials, which cost$10 per vaccination shot.
A. What price should you charge for a vaccination shot? Does your answer depend on the number of patients?
B. Suppose your market research tells you that the four lowest value groups are all student. Should you offer a student discount? If so, how much?
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