Order the answer to: Gregory House, a Philadelphia-based management consultant, has been asked to

Assignment Help business economics Order the answer to: Gregory House, a Philadelphia-based management consultant, has been asked to

business economics

Order the answer to: Gregory House, a Philadelphia-based management consultant, has been asked to

Question Gregory House, a Philadelphia-based management consultant, has been asked to calculate and analyze market demand for a new video game that is to be marketed to retail (R) and wholesale (W) customers over the Internet. The client estimates fixed costs of $750,000 per year for the product, and that licensing fees and other marginal costs will be $20 per unit. The client has also provided the following annual demand information: PR = $62.50 – $0.0005QR Pw = $50 – $0.002QW A. Express quantity as a function of price for both retail and wholesale customers. Add these quantities together to calculate the market demand curve. Graph the retail, wholesale, and market demand curves for prices ranging from $65 to $35 per unit. B. Fill in the following table: C. Calculate the profit-maximizing price-output combination and totalprofit?
Subject business economics
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