Business, 12.07.2019 00:00, rhineharttori

Minden company introduced a new product last year for which it is trying to find an optimal selling price. marketing studies suggest that the company can increase sales by 5,000 units for each $2 reduction in the selling price. the company's present selling price is $94 per unit, and variable expenses are $64 per unit. fixed expenses are $832,200 per year. the present annual sales volume (at the $94 selling price) is 25,900 units.

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Minden company introduced a new product last year for which it is trying to find an optimal selling...