subject
Business, 10.02.2020 22:03 Ganggang62

You expect one-third of your customers to be high value, willing to pay $9 for your product, and the other two-thirds to be low value customers willing to pay only $3. you cannot tell them apart. if the product costs $3, and you charge $9, what is your expected profit?

a. $1

b. $2

c. $3

d. $4

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 03:40
Your parents have accumulated a $170,000 nest egg. they have been planning to use this money to pay college costs to be incurred by you and your sister, courtney. however, courtney has decided to forgo college and start a nail salon. your parents are giving courtney $20,000 to her get started, and they have decided to take year-end vacations costing $8,000 per year for the next four years. use 8 percent as the appropriate interest rate throughout this problem. use appendix a and appendix d for an approximate answer, but calculate your final answer using the formula and financial calculator methods. a. how much money will your parents have at the end of four years to you with graduate school, which you will start then?
Answers: 1
question
Business, 23.06.2019 04:00
Estimate the prouduct sovle using an area modelestimate the product you solve using an area model and the standard algorithm.remeber to express your products in the standard form
Answers: 3
question
Business, 23.06.2019 09:30
Which part in a cover letter do you write down skills and experience
Answers: 1
question
Business, 23.06.2019 09:30
Which of the following describes an executive information system (eis)
Answers: 2
You know the right answer?
You expect one-third of your customers to be high value, willing to pay $9 for your product, and the...
Questions
question
Biology, 26.08.2021 19:30
question
Mathematics, 26.08.2021 19:30
question
English, 26.08.2021 19:30
Questions on the website: 13722359