You are in the process of solving a basic price optimization problem to determine what price to charge for a product in order to maximize contribution. Your demand is exponential and its function is D(p) = 20000 * p^-2 and the incremental cost is $15.
A. what is your objective function?
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Making a $500,000 profit during the next year might be a pricing objective for a firm. ... When deciding on pricing objectives, you must consider: ... The objectives of your product or brand
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