What price should you charge for game console

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Reference no: EM131380249

Use the demand information given in Exercise 7 for this exercise. Each game owner buys an average of 10 video games. You earn $10 profi t per video game. What price should you charge for the game console?

Exercise
Suppose it costs $250 to produce a video game console. A price between $200 and $400 is under consideration. Estimated demand for the game console is shown in the following table. What price should you charge for game console?

Price	Demand
$200	50,000
$300	25,000
$400	12,000

Reference no: EM131380249

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