Use the following table to indicate the revenue from men, the revenue from women, and the total revenue from each strategy. Revenue from Revenue from Total Revenue from Strategy Men Women Strategy 1. Auto-Defrost Microwave only at $70 2$ 24 2$ 2. Auto-Defrost Microwave only at $121 2$ 2$ 2$ 3. Simple Microwave at $51, Auto-Defrost Microwave at $101 2$ 2$ 2$ Suppose that, instead of one man and one woman, the market for this microwave consisted entirely of women. For simplicity, you can assume this means that there are two women, and no men. Under these conditions, pricing strategy would maximize revenue for the manufacturer.

Use the following table to indicate the revenue from men, the revenue from women, and the total revenue from each strategy. Revenue from Revenue from Total Revenue from Strategy Men Women Strategy 1. Auto-Defrost Microwave only at $70 2$ 24 2$ 2. Auto-Defrost Microwave only at $121 2$ 2$ 2$ 3. Simple Microwave at $51, Auto-Defrost Microwave at $101 2$ 2$ 2$ Suppose that, instead of one man and one woman, the market for this microwave consisted entirely of women. For simplicity, you can assume this means that there are two women, and no men. Under these conditions, pricing strategy would maximize revenue for the manufacturer.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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