Business, 02.12.2020 16:20, marianaescamilla404

Using Friedman's and Gates's models, determine the markup needed to optimize expected profit in the following cases, and comment on the results: a. Bidding against A, B, and C in a new job with estimated total cost of $10,000. b. Bidding against A, E,and Cin anew jobwith estimated total cost of$5,000,000. c. Comment on the impact ofproject size in (a)and (b)on the estimated optimum markup. d. Bidding against six typical competitors with behavior close to that of competitor B.

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Using Friedman's and Gates's models, determine the markup needed to optimize expected profit in the...