You are the manager of a firm that produces X and Y at zero cost. You know that different types of consumers value your two products differently, but you are unable to identify these consumers individually at the time of the sale. In particular, you know there are three types of consumers (1,000 of each type) with the following valuations for the two products:
Consumer Type Product X Product Y
1 $60 $50
2 $50 $125
3 $25 $140
a. What are your firm's profits if you charge $25 for product X and $50 for product Y?
b. What are your profits if you charge $60 for product X and $140 for product Y?
c. What are your profits if you charge $110 for a bundle containing one unit of product X and one unit of product Y?
d. What are your firm's profits if you charge $175 for a bundle containing one unit of X and one unit of Y, but also sell the products individually at a price of $60 for product X and $140 for product Y?
Answers: 2
Business, 21.06.2019 21:40, tonya3498
The board of directors is the highest ranking body in a corporation, and the chairman of the board is the highest ranking individual. the ceo generally works under the board and its chairman, and the board generally has the authority to remove the ceo under certain conditions. the ceo, however, cannot remove the board, but he or she can endeavor to have the board voted out and a new board voted in should a conflict arise. it is possible for a person to simultaneously serve as ceo and chairman of the board, though many corporate control experts believe it is bad to vest both offices in the same person. true false
Answers: 3
Business, 22.06.2019 11:00, HUNIXX6561
Samantha is interested in setting up her own accounting firm and wants to specialize in the area of accounting that has experienced the most significant growth in recent years. which area of accounting should she choose as her specialty? samantha should choose as her specialty.
Answers: 1
Business, 22.06.2019 11:10, nataliahenderso
Which feature is a characteristic of a corporation?
Answers: 1
You are the manager of a firm that produces X and Y at zero cost. You know that different types of c...
Mathematics, 30.12.2019 04:31
Mathematics, 30.12.2019 04:31
History, 30.12.2019 04:31
Physics, 30.12.2019 04:31
Mathematics, 30.12.2019 04:31
English, 30.12.2019 04:31