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There Are Two Types of Consumers of High Definition Television $\iff$

question 98

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There are two types of consumers of High Definition Television (HDTV) sets. The first type of consumer is highly eager to purchase the sets. Their demand is $There are two types of consumers of High Definition Television (HDTV) sets. The first type of consumer is highly eager to purchase the sets. Their demand is = 60,000 - 10P \iff P = 6,000 - 0.1 . The resulting marginal revenue function is MR(QI) = 6,000 - 0.2 QI. After the first month the HDTV sets are on the market, the first-type demand goes to zero at any price. The second type of consumer is more sensitive to price and will be the same one month after the sets are on the market. Their demand is = 300,000 - 100P \iff P = 3,000 - 0.01 . The resulting marginal revenue function is MR(QII) = 3,000 - 0.02 QII. Suppose that the marginal cost of producing HDTV sets are constant at $200. What pricing strategies might the manufacturer of HDTV sets consider to maximize profits?$
= 60,000 - 10P $\iff$ P = 6,000 - 0.1 $There are two types of consumers of High Definition Television (HDTV) sets. The first type of consumer is highly eager to purchase the sets. Their demand is = 60,000 - 10P \iff P = 6,000 - 0.1 . The resulting marginal revenue function is MR(QI) = 6,000 - 0.2 QI. After the first month the HDTV sets are on the market, the first-type demand goes to zero at any price. The second type of consumer is more sensitive to price and will be the same one month after the sets are on the market. Their demand is = 300,000 - 100P \iff P = 3,000 - 0.01 . The resulting marginal revenue function is MR(QII) = 3,000 - 0.02 QII. Suppose that the marginal cost of producing HDTV sets are constant at $200. What pricing strategies might the manufacturer of HDTV sets consider to maximize profits?$
. The resulting marginal revenue function is
MR(Q^I) = 6,000 - 0.2 Q^I. After the first month the HDTV sets are on the market, the first-type demand goes to zero at any price. The second type of consumer is more sensitive to price and will be the same one month after the sets are on the market. Their demand is $There are two types of consumers of High Definition Television (HDTV) sets. The first type of consumer is highly eager to purchase the sets. Their demand is = 60,000 - 10P \iff P = 6,000 - 0.1 . The resulting marginal revenue function is MR(QI) = 6,000 - 0.2 QI. After the first month the HDTV sets are on the market, the first-type demand goes to zero at any price. The second type of consumer is more sensitive to price and will be the same one month after the sets are on the market. Their demand is = 300,000 - 100P \iff P = 3,000 - 0.01 . The resulting marginal revenue function is MR(QII) = 3,000 - 0.02 QII. Suppose that the marginal cost of producing HDTV sets are constant at $200. What pricing strategies might the manufacturer of HDTV sets consider to maximize profits?$
= 300,000 - 100P $\iff$ P = 3,000 - 0.01 $There are two types of consumers of High Definition Television (HDTV) sets. The first type of consumer is highly eager to purchase the sets. Their demand is = 60,000 - 10P \iff P = 6,000 - 0.1 . The resulting marginal revenue function is MR(QI) = 6,000 - 0.2 QI. After the first month the HDTV sets are on the market, the first-type demand goes to zero at any price. The second type of consumer is more sensitive to price and will be the same one month after the sets are on the market. Their demand is = 300,000 - 100P \iff P = 3,000 - 0.01 . The resulting marginal revenue function is MR(QII) = 3,000 - 0.02 QII. Suppose that the marginal cost of producing HDTV sets are constant at $200. What pricing strategies might the manufacturer of HDTV sets consider to maximize profits?$
. The resulting marginal revenue function is
MR(Q^II) = 3,000 - 0.02 Q^II. Suppose that the marginal cost of producing HDTV sets are constant at $200. What pricing strategies might the manufacturer of HDTV sets consider to maximize profits?

Definitions:

Installment Account

A credit account where the borrower repays the principal and interest over a set period through scheduled payments.

Line of Credit

A flexible loan arrangement with a financial institution that allows a borrower to draw funds up to a specified limit, repay, and redraw as needed.

Trade Credit

An arrangement where a buyer is allowed to purchase goods or services and pay the supplier at a later date, often used to finance short-term business needs.

Consumer Credit

Types of personal loans extended to consumers for purchasing goods and services, including credit cards and installment loans.

There Are Two Types of Consumers of High Definition Television ⟺ \iff⟺

Definitions:

There Are Two Types of Consumers of High Definition Television $\iff$