Find out the pricing strategy to increase revenues

Assignment Help Macroeconomics

Reference no: EM1312309

1. In each of the cases listed below determine what this consumer needs to do (in terms of purchasing X and Y) to maximizes their utility.

Price is in dollars per unit. Marginal utility is measured in 'utils.'

Case	Price of X	Marginal Utility of X	Price of Y	Marginal Utility of Y
A	10	2	5	3
B	12	4	4	2
C	3	1	6	2
D	4	2	4	2
E	8	4	4	3

2. As Vice-President Marketing and Sales of a business venture, you have been asked to deliver a pricing strategy to increase revenues for all product lines. Discuss how you would use information on the elasticity of demand for each of the products in developing the strategy.

Reference no: EM1312309

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