Problem 16.9
Quantity at beginning of season = 5,000
Period Price Demand Revenue
1 50.00$ 1,500.00 75,000$
2 50.00$ 1,000.00 50,000$
3 50.00$ 500.00 25,000$
Total 3,000.00 150,000$
Problem 16.9
Quantity at beginning of season = 5,000
Period Price Demand Revenue
1 100.00$ 1,000.00 100,000$
2 50.00$ 1,000.00 50,000$
3 33.33$ 1,000.00 33,333$
Total 3,000.00 183,333$
Problem 16.9
Cost per swimsuit = 40
Quantity at beginning of season = 1,800
Period Price Demand Profit
1 120.00$ 800.00 64,000$
2 70.00$ 600.00 18,000$
3 53.33$ 400.00 5,333$
Total 1,800.00 87,333$