Your company needs to set prices for a line of coffee makers. Using the information below and the Weber-Fechner Law of Pricing, how would you calculate the price for intermediate product P3?

4.

Question 4

Your company needs to set prices for a line of coffee makers. Using the information below and the Weber-Fechner Law of Pricing, how would you calculate the price for intermediate product P3?

There are 5 products in the product line.

The minimum price in the product line is $45.

The maximum price in the product line is $125.

1 / 1 point

$58.05

$74.88

$85

Fantastic! You successfully calculated prices based on constant percentage increases to find that the third product in the line should be priced at $74.88.