Your Company Manufactures Two Models of Stereo Speakers, the Ultra

question 62

Multiple Choice

Your company manufactures two models of stereo speakers, the Ultra Mini and the Big Stack. Demand for each depends partly on the price of the other. If one is expensive then more people will buy the other. If p 1 is the price per pair of the Ultra Mini and p 2 is the price of the Big Stack, demand for the Ultra Mini is given by where q 1 represents the number of pairs of Ultra Minis that will be sold in a year. The demand for the Big Stack is given by Find the prices for the Ultra Mini and the Big Stack that will maximize your total revenue. Round your answer to the nearest dollar.

• A)$631 for Ultra Mini and $1,313 for Big Stack
• B)$646 for Ultra Mini and $1,260 for Big Stack
• C)$1,313 for Ultra Mini and $631 for Big Stack
• D)$1,260 for Ultra Mini and $646 for Big Stack
• E)$1,413 for Ultra Mini and $631 for Big Stack

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Definitions:

AIDA Model

A marketing model that outlines the process for achieving successful marketing communications: Attention, Interest, Desire, and Action.

Proposal

A document or plan presenting a suggested course of action or intention, often used in business or project planning.

Persuasive Sales Messages

These are communications designed to influence the attitudes or behaviors of the audience, encouraging them to purchase a product or service.

Work Plan Section

A segment of a document or project plan that outlines tasks, timelines, and responsibilities.