ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
Bartleby Related Questions Icon

Related questions

Question

3. 

You have developed a self-study certification system for those who need credit hours for recertification by your state’s social welfare office. The system operates at virtually no cost, i.e., there is no marginal cost. A marketing research team has assembled the following sales information.
 
You are researching the options for pricing the courses. Your goal is to achieve maximum revenue to establish funding to maintain and update the system to reflect annual policy changes in licensing requirements. 

Complete the calculations for Total Revenue by determining how many customers will purchase at each of the segment prices.

 

Online Self Certifications for Social Work License
   
Certification in Online Counseling
 
Certification as a Group Home Counselor
 
Bundle
 
 
Customers
 
TR Counseling
 
TR Group Home
 
TR Bundle
Segment 1
1000
$190
a
$70
e
$260
4a
               
Segment 2
1000
$150
b
$90
f
$240
4b
               
Segment 3
1000
$95
c
$160
g
$255
4c
               
Segment 4
1000
$35
d
$195
h
$230
4d


 
a)
b)
c)
d)
e)
f)
g)
h)

 

 
Expert Solution
Check Mark
Still need help?
Follow-up Questions
Read through expert solutions to related follow-up questions below.
Follow-up Question

What is the maximum profit for individual pricing

 

Solution
Bartleby Expert
by Bartleby Expert
SEE SOLUTION
Follow-up Questions
Read through expert solutions to related follow-up questions below.
Follow-up Question

What is the maximum profit for individual pricing

 

Solution
Bartleby Expert
by Bartleby Expert
SEE SOLUTION
Knowledge Booster
Background pattern image
Economics
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
ENGR.ECONOMIC ANALYSIS
Economics
ISBN:9780190931919
Author:NEWNAN
Publisher:Oxford University Press
Text book image
Principles of Economics (12th Edition)
Economics
ISBN:9780134078779
Author:Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:PEARSON
Text book image
Engineering Economy (17th Edition)
Economics
ISBN:9780134870069
Author:William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:PEARSON
Text book image
Principles of Economics (MindTap Course List)
Economics
ISBN:9781305585126
Author:N. Gregory Mankiw
Publisher:Cengage Learning
Text book image
Managerial Economics: A Problem Solving Approach
Economics
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Cengage Learning
Text book image
Managerial Economics & Business Strategy (Mcgraw-...
Economics
ISBN:9781259290619
Author:Michael Baye, Jeff Prince
Publisher:McGraw-Hill Education