In the Petes Pipes example discussed in the class, the fixed cost was $10K and...
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In the Petes Pipes example discussed in the class, the fixed cost was $K and variable cost was $ per unit. The demand curve was given by Q P The optimal price obtained by running Solver was $ and their profit was about $ Petes Pipes finds out that their fixed cost is going to go down from $K to $K Without running Solver, Petes Pipes determines that this is the new Profit.
In the Petes Pipes example discussed in the class, the fixed cost was $K and variable cost was $ per unit. The demand curve was given by Q P The optimal price obtained by running Solver was $ and their profit was about $ Petes Pipes finds out that their fixed cost is going to go down from $K to $K Without running Solver, Petes Pipes determines that this is the new Profit.
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