Revenue maximizing price for a bundle

Assignment Help Business Management
Reference no: EM131405311

John sells pistachios and almonds at the farmer's market. Pistachios sell for $7 a bag while almondssell for $4 a bag. He sees that every hour 4 people buy the pistachio bag only and 2 people buy thealmond bag only. Having surveyed them he finds out that 2 of the pistachio buyers are willing to pay$2 for the almonds bag, while the other two are willing to only pay $1. Both of the almond buyerswould be willing pay $5 for the pistachio bag. What is the revenue maximizing price for a bundle?

Reference no: EM131405311

Questions Cloud

How many television households must included in the sample : A ratings service would like to know, within 5 percentage points and with 95% confidence, the percentage of these households who tune in to the first episode of a network miniseries. How many television households must be included in the sample?
Perform a current valuation of the equity in the firm : Perform a current valuation of the equity in the firm by using concepts that you have learned, such as financial statements, capital structure and cash flows, cost analysis, and the firm's capital structure as an example. Your analysis should prod..
Find what is the companys weighted average cost of capital : WACC: The Corporation has a targeted capital structure of 80% common stock and 20% debt. The cost of equity is 12% and the cost of debt is 7%. The tax rate is 30%. What is the company's weighted average cost of capital (WACC)?
How many television households must be included in sample : A ratings service would like to know, within 5 percentage points and with 95% confidence, the percentage of these households who tune in to the first episode of a network miniseries. How many television households must be included in the sample?
Revenue maximizing price for a bundle : Having surveyed them he finds out that 2 of the pistachio buyers are willing to pay$2 for the almonds bag, while the other two are willing to only pay $1. Both of the almond buyerswould be willing pay $5 for the pistachio bag. What is the revenue ..
Making loans or buying financial securities : "A commercial bank creates money "out of thin air" by making loans or buying financial securities". Briefly explain how. What limits a bank's ability to create money, ie why can't a bank create unlimited amounts of money?
Confidence intervals for the proportion of us adults : Assuming this to be a simple random sample of U.S. adults, construct and interpret the 95% and 99% confidence intervals for the proportion of U.S. adults who consider lounging at the beach to be their dream vacation.
Explain the five phases of the project : OPS/571 - OPERATIONS MANAGEMENT. Review the Project Management Email. Create an 1,050-word analysis and recommendation in which you address the following: Explain the five phases of the project. Provide a detailed description of each phase
Pedro is his familys main breadwinner : Pedro is his familys main breadwinner. Because of this fact, he can count on his wive,Lourdes, providing 4 hours of daily home (non-market) services for him. Lourdess productivity at home can be estimated at $15 per hour. Pedros net earnings are $..

Reviews

Write a Review

 

Business Management Questions & Answers

  Explain how a person using 2 sigma control charts

List some possible causes of assignable variation ? Explain how a person using 2-sigma control charts will more easily find samples "out of bounds" than 3-sigma control charts.

  How does governance play a part in developing trust

Explain how does governance play a part in developing trust and what approach discussed either in the lecture or in the text enhances a company's ethical standing?

  Handbook for the medical office

Read chapters 1 and 2 of your "Insurance Handbook for the Medical Office" textbook. Use your knowledge of this week's "Insurance Handbook for the Medical Office" lesson to answer the following questions.

  Project plan for a new internal support system

Your company has assigned you to work on a project plan for a new internal support system. This system will be expected to track formal contacts between company software contracting teams, internal management sponsors, and their external clients.

  Research the topic of global warming

Research the topic of Global Warming (also known as Climate Change) and write down below: 1. One quote from a 2015-16 news article arguing that there has been no global warming in the last few years (in spite of predictions); and

  Discuss the interface between purchasing and supply

Based on your experience or readings, discuss the interface between Purchasing and Supply Management and Logistics Management - specifically with respect to selection of a third party logistics provider, analysis of the total cost of ownership,..

  Search engine placement and visabilityassume you are the

search engine placement and visabilityassume you are the manager of a company that sells books that can be downloaded

  Testing and in-depth research

1) Do you think it is ethical for a manager deepen the life of an applicant through interviews, testing and in-depth research? What if those investigations involved observing your Facebook page, personal blogs or other social networks?

  Describe the products and services you plan to offer

Are you motivated to succeed in business? It is time to develop a mini business plan! Prepare a 15- to 17-slide PowerPoint presentation. Describe the products and services you plan to offer

  Legal issue in health insurance industry

The purpose of this work is to demonstrate analytical skills in the evaluation of legal issues or risks that are present in the field of commercial law.

  Information systems staffs are familiar with the platform

Advantages to running your new system on the existing platform comprise all of the following except: The information systems staffs are familiar with the existing platform.

  Write an essay and ppt on ikea case

Write an essay and ppt on IKEA case. A student is goingt to have a presentation for IKEA case, so it needs a main essay for the presentor to talk about it, and the essay should be 750 words.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd