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The traditional fundraiser for the student chapter of APICS is pint mason jars filled with a tangy barbecue sauce that the club sponsor whips up in his kitchen. The sponsor is independently wealthy, so he donates his time and materials to the fundraising effort. Club officers set up a card table in the atrium of the business building and take turns staffing it for the duration of the barbecue season, which is four months. Eighteen sad years of experience have revealed that demand varies depending on the month of the season. Customer demand in the first month can be described as 400-p1, in the second month as 400-1.4p2, in the third month 400-1.8p3, and in the fourth month 400-2.2p4. The club sponsor has only 400 spare mason jars this year after a busy summer collecting specimens

What should the price be in period 1?

$287.50

$250.00

$275.00

$262.50

What should the price be in period 3?

181.27

$185.13

$177.43

$173.61

What is the expected revenue if the student APICS chapter uses dynamic pricing?

$84,719

$83,975

$84,349

$85,209

Responding to customer complaints (primarily from period 1 purchasers) the student APICS chapter decides to use static pricing over the four month season. The club sponsor makes a deal with the local bootlegger to supply him with all the mason jars he will need for the barbecue season. What is the total revenue for the season's sales at the optimal price?

$100,000

$90,247

$89,490

$94,747

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