Perishable Product Pricing

Question We have 3000 Units of product to sell over a five day period. From historical sales data we have estimated the following demand curves P=price/unit in $ Q=number of units sold Day 1: P=10-0.01Q valid for prices between $3and $8. Day 2: same as Day 1 Day 3: P= 15-0.01Q valid for prices between $6 and $10 Day 4 P=20-0.01Q valid for prices between $6 and $12 Day5: same as Day 1 The revenue maximizing price for Day 1 is (Hint: Please keep one decimal point.) and quantity sold is (Hint: Please enter an integer.). The revenue maximizing price for Day 2 is (Hint: Please keep one decimal point.) and quantity sold is (Hint: Please enter an integer.). The revenue maximizing price for Day 3 is (Hint: Please keep one decimal point.) and quantity sold is (Hint: Please enter an integer.). The revenue maximizing price for Day 4 is (Hint: Please keep one decimal point.) and quantity sold is (Hint: Please enter an integer.). The revenue maximizing price for Day 5 is (Hint: Please keep one decimal point.) and quantity sold is (Hint: Please enter an integer.).

Order Similar Assignment Now!

  • Our Support Staff are online 24/7
  • Our Writers are available 24/7
  • Most Urgent order is delivered within 4 Hrs
  • 100% Original Assignment Plagiarism report can be sent to you upon request.

GET 15 % DISCOUNT TODAY use the discount code PAPER15 at the order form.

Type of paper Academic level Subject area
Number of pages Paper urgency Cost per page:
 Total: