STG company has introduced a new device which is sold through a retailer store. The store manager has estimated D=1,500,000+20*9-1,500p. The that demand will depend on the final retail price p according to the demand curve: production cost for STG is $200per product .What wholesale price should STG charge?

STG company has introduced a new device which is sold through a retailer store. The store manager has estimated D=1,500,000+20*9-1,500p. The that demand will depend on the final retail price p according to the demand curve: production cost for STG is $200per product .What wholesale price should STG charge?

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter14: Pricing Techniques And Analysis

Section: Chapter Questions

Problem 1E

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