Ask your own question, for FREE!
Mathematics 7 Online
OpenStudy (anonymous):

@DLS @JOELMATHEWS1234 @turtleluver

OpenStudy (anonymous):

ganeshie8 (ganeshie8):

u stopped tagging meh :|

OpenStudy (anonymous):

i did but you didnt answer

OpenStudy (anonymous):

did*

OpenStudy (anonymous):

D , it has maximum customers

ganeshie8 (ganeshie8):

well it must have been a tough question :)

OpenStudy (anonymous):

D

OpenStudy (anonymous):

D doesn't result in the "maximum customers". A would result in the maximum number of customers. We want to maximize revenue...not the number of customers. D's price is near the upper range of the brown slice. If we charge that price nobody in the purple and almost nobody in the brown section of the chart will buy the sandwhich

OpenStudy (anonymous):

It's actually a slightly more complicated question than what it might seem at the outset.

OpenStudy (anonymous):

exactly...thats what I thought...but I couldn't get the words right...I wasn't sure how to explain it.

OpenStudy (anonymous):

I would go with 4.75. Pretend we have a hypothetical group of 100 potential cutomers. At $4.75 I'd say 80 will buy it based on the pie chart. 4.75 x 80 = $380 At $5.95 I'd say 55 will buy it: 5.95 x 55 = $327 It's close. I'd charge $4.75

OpenStudy (anonymous):

I think this is a ridiculous multiple choice question. Should be long answer and graded based on the student's reasoning.

ganeshie8 (ganeshie8):

id go wid D 13 customers is more than 50% of the market share. i dont want losses or wanto impress everyone

Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!
Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!