2. You have developed a self-study certification system for those who need credit hours for recertification by your state's social welfare office. The system operates at virtually no cost, i.e., there is no marginal cost. A marketing research team has assembled the following sale information: Online Self Study Certifications for Social Work License Certification in Online Counseling Segment 1 Segment 2 Segment 3 Segment 4 Customers 1000 1000 1000 1000 $190 $150 $95 $35 TR Counseling Certification as a Group Home Counselor TR Group Home $70 $90 $160 $195 Bundle $260 $240 $255 $230 TR Bundle
2. You have developed a self-study certification system for those who need credit hours for recertification by your state's social welfare office. The system operates at virtually no cost, i.e., there is no marginal cost. A marketing research team has assembled the following sale information: Online Self Study Certifications for Social Work License Certification in Online Counseling Segment 1 Segment 2 Segment 3 Segment 4 Customers 1000 1000 1000 1000 $190 $150 $95 $35 TR Counseling Certification as a Group Home Counselor TR Group Home $70 $90 $160 $195 Bundle $260 $240 $255 $230 TR Bundle
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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In reference to the chart, calculate and explain in detail what the maximum revenue is for an individual
Transcribed Image Text:You have developed a self-study certification system for those who need credit hours for recertification by your state's social welfare office. The system operates at virtually no cost, i.e., there is no marginal cost. A marketing research team has assembled the following sales information:
**Online Self Study Certifications for Social Work License**
| Segment | Customers | Certification in Online Counseling (TR Counseling) | Certification as a Group Home Counselor (TR Group Home) | Bundle (TR Bundle) |
|-------------|-----------|----------------------------------------------------|----------------------------------------------------------|--------------------|
| Segment 1 | 1000 | $190 | $70 | $260 |
| Segment 2 | 1000 | $150 | $90 | $240 |
| Segment 3 | 1000 | $95 | $160 | $255 |
| Segment 4 | 1000 | $35 | $195 | $230 |
This table provides information regarding the pricing for certifications in online counseling and as group home counselors across four distinct customer segments. Additionally, bundled pricing is provided for each segment.
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