Answer:
Low price
Explanation:
Tampa tribune dominant strategy is low price. If the company keeps its prices high it can get maximum revenue of $88 whereas if the company keeps its prices low it can make maximum revenue of $120. The difference of $32 is gained when the prices are kept and this is dominant strategy for Tampa Tribune.
Answer:
The total markdown dollars is $1,920
Explanation:
According to the given data 32 remaining blenders were marked down to $140 each.
Therefore, to calculate the total markdown dollars we would have to make the following calculation according to the given data:
the total markdown dollars=32*($200-$140)
the total markdown dollars=32*$60
the total markdown dollars=$1,920
The total markdown dollars is $1,920
Answer: $60
Explanation:
The optimal price for a monopoly firm is expressed by;
Price = Marginal Cost * ( Own Price Elasticity/ (1 + Own Price Elasticity))
Price = 10 * ( -1.2 /( 1 - 1.2)
Price = 10 * (-1.2/-0.2)
Price = 10 * 6
Price = $60
