Determine the optimal price for this new xphone

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Reference no: EM131176283

Consider the following situation: the demand for the new XPhone (which can be considered to operate in a monopoly upon introduction) is given by 20,000 – 15p per day. The costs to produce this new XPhone are $300. Assume that Micrap produces everything in-house and sells the XPhones in their own Micrap stores. Determine the optimal price for this new XPhone.

p = $1,333

p = $817

p = $10,150

p = $600

Reference no: EM131176283

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