: Demand Schedule Price Quantity Sold Marginal Cost $200 100 $100 $175 250 $100 $150 400 $100 $125 600 $100 Using the demand schedule above, which price-quantity combination is most profitable for the company? View
: You’ve been asked to serve on a committee researching your company’s competition for a potential new product. Which question might the committee be most likely to examine using the competitor pricing lens? View
: You’ve been hired to improve pricing strategies for a new and expensive children’s shoe line. Your predecessor targeted primarily customers with high valuations for the clothing. How might you implement new pricing strategies? View
: You’re organizing a popular and well-attended charity auction. A company has donated an item that you’ve learned is likely to have consistently high valuations amongst potential bidders. Attendees have also indicated that they would like for their bids to be private. How would you structure the auction in order to try to get the highest possible profit? View
: A friend is considering an English auction to sell an antique car. How might you caution her about risks to sellers? View
: Imagine you’re a product manager and need to earn a 25% target margin on your new product offering, which costs $200 for your firm to create. What is the lowest price you could set? View
