If you price each product separately ie using standard

Assignment Help Microeconomics

Reference no: EM13454557

Suppose you are a manager of a firm that produces products X, Y and Z.You know that there are two different types of consumers, type 1 and type 2, who value your products differently. You also know that there 10,000 type1 consumers and 50,000 type 2 consumers with the following valuations for the three products:

Consumer Type	Product X	Product Y	Product Z
1	$250	$150	$100
2	$200	$75	$250

(a) If you price each product separately (i.e., using a standard pricing strategy), what prices should you charge to maximize revenues and what are the revenues?

(b) If you adopt a first-degree price discrimination policy, what prices should you charge to maximize revenues and what are the revenues?

(c) If you use a commodity-bundle strategy such that the products are sold as one item (i.e., you market product X, product Y, and product Z together), what price should you charge to maximize revenuesand what are the revenues?

Reference no: EM13454557

Questions Cloud

Write down a 750- to 1050-word paper in apa format : write a 750- to 1050-word paper in apa format including citations and references summarizing your ideas about internal

This moduleweek you have been studying the significance of : this moduleweek you have been studying the significance of the church as the body of christ. in chapter 9 ofnbspcore

The executive officers of rouse corporation have the : the executive officers of rouse corporation have a performance-based compensation plan. the performance criteria of

The subfields of anthropology seem quite diverse in their : 1 the subfields of anthropology seem quite diverse in their specific subjects and methods. why then are they all

If you price each product separately ie using standard : suppose you are a manager of a firm that produces products x y and z.you know that there are two different types of

Permeability is the condition of being capable of : permeability is the condition of being capable of having materials flow into and out of a membrane. the permeability of

Emotional intelligence ei focuses on understanding the : emotional intelligence ei focuses on understanding the emotions and attitudes of others. to manage relationships

Explain the four primary purposes of a professional : describe the four primary purposes of a professional strategic financial management function in an organization.

A firm you has to decide whether or not to enter the market : a firm you has to decide whether or not to enter a market which is serviced by a monopolist. currently the monopolists

User Account

All Pages