How to develope a statistical software package

Assignment Help Macroeconomics

Reference no: EM13223132

You are a pricing analyst for QC Corporation, a company that recently spent $10,000 to develop a statistical software package. To date, you only have one client. A recent internal study revealed that this client's demand for your software is Q^d = 100 - 0.1P and that it would cost you $500 per unit to install and maintain software at this client's site. The CEO of your company recently asked you to construct a report that compares (1) the profit that results from charging this client a single per-unit price with (2) the profit that results from charging $900 for the first 10 units and $700 for each additional unit of software purchased. Construct this report including in it a recommendation that would result in even higher profits.

Reference no: EM13223132

Questions Cloud

Defien the equilibrium constant kc : The equilibrium constant Kc equals 1.6 10-2 at 200°C. What are the moles of substances in the equilibrium mixture at 200°C if we start with 0.021 mol HBr in a 1.3-L vessel?

Devise a pricing strategy to maximize the firms profits : As a manager of a chain of movie theaters that are monopolies in their respective markets, you have noticed much higher demand on weekends than during the week. You therefore conducted a study that has revealed two different demand curves

Discuss the statement that to manage effectively : Discuss the statement that to manage effectively, a person must have the authority to hire subordinates, assign them to specific jobs, and reward them on the basis of performance. Interview the chairperson of an academic department and determine w..

Explain derives much of it''s acidity from citric acid : Orange juice is an aqueous solution that derives much of it's acidity from citric acid. There are variations in the acidity of each brand depending on many factors

How to develope a statistical software package : You are a pricing analyst for QC Corporation, a company that recently spent $10,000 to develop a statistical software package. To date, you only have one client. A recent internal study revealed that this client's demand for your software is Q^d =..

What has been the impact of horizontal integration : What has been the impact of horizontal, vertical, and virtual integration on health care organizations?

How many kgs of regular should sarah produce : How many kgs of "regular" should Sarah produce before switching over to another scent and what would be her average inventory holding and delivery fees per day?

Define close the bottles and place them in the refrigerator : Both colas are equally carbonated. You are able to drink 1 L of cola, but your friend can drink only about half a liter. You each close the bottles and place them in the refrigerator. The next day when you each get the colas, whose will be more ca..

What are the profits for a bundle containing one unit : different types of consumers value your two products differently, but you are unable to identify these consumers individually at the time of the sale. In particular, you know there are three types of consumers (1,000 of each type).

User Account

All Pages