50 Percent of your potential customers would be willing to buy your product for $16 each, but the other 50 percent would be willing to pay no more than $10. Unfortunately, you cannot tell your customers apart. Your marginal cost per unit is $4. If you set the selling price of each unit at $16, the expected profit per unit is:
a. $15
b. $10
c. $6
d. $25
Ans: c. $6
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When employers actively work to keep unions out of their workplace or are openly hostile toward unions it is known as _______________________.
Fill in the blank(s) with the appropriate word(s).
A decision maker using the maximin criterion on the problem below would choose Alternative ________ because the maximum of the row minimums is ________
States of Nature 1 2 3 Alternative A 50 55 60 Alternative B 30 50 80 Alternative C 70 80 70 Alternative D -100 -10 140 A) A; 55 B) B; 30 C) C; 70 D) D; 140 E) D; 10
Abby previously owned 200 shares of NEWAGE stock at $25 per share. Today the company split the stock in a 3:1 split. Now what is the value of Abby's stock?
A) $5,000 B) $6,000 C) $2,500 D) $200
A multiple regression analysis includes 25 data points and 4 independent variables results in SST = 200 and SSR = 150 . The multiple standard error of estimate will be:
a. 1.333. b. 6.124. c. 2.500. d. 1.581.