Currently. Tidal prices their service at $15.00 per month. If Hindenburg wants to set a parity price, how much should they charge per month? (Round to the nearest cent.) O $10.90 O $15.00 O$12.26 O $14.42 $18.36
Currently. Tidal prices their service at $15.00 per month. If Hindenburg wants to set a parity price, how much should they charge per month? (Round to the nearest cent.) O $10.90 O $15.00 O$12.26 O $14.42 $18.36
Managerial Economics: A Problem Solving Approach
5th Edition
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Chapter17: Making Decisions With Uncertainty
Section: Chapter Questions
Problem 6MC
Related questions
Question
D1.
![[Kanye] Kanye West has decided to create a new music streaming service, Hindenburg, to compete
with his old service, Tidal, that he sold. He conducted a multiattribute modeling survey that
determines that consumers perceive the two services as follows, where each attribute is rated on a 1
(poor) to 10 (excellent) scale.
Depth
Big Names
Sound
Quality
$10.90
Tidal Hindenburg Importance
$15.00
$12.26
8
00
O$14.42
O$18.36
00
Availability 6
8
3
6
9
5
2
.
7
Currently. Tidal prices their service at $15.00 per month. If Hindenburg wants to set a parity price,
how much should they charge per month? (Round to the nearest cent.)
8
4](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2f57c3f1-297c-4d4f-b25b-85b70449f161%2F83b9497f-705c-44a3-b35f-b3e7761b8f19%2F3efvsg6_processed.jpeg&w=3840&q=75)
Transcribed Image Text:[Kanye] Kanye West has decided to create a new music streaming service, Hindenburg, to compete
with his old service, Tidal, that he sold. He conducted a multiattribute modeling survey that
determines that consumers perceive the two services as follows, where each attribute is rated on a 1
(poor) to 10 (excellent) scale.
Depth
Big Names
Sound
Quality
$10.90
Tidal Hindenburg Importance
$15.00
$12.26
8
00
O$14.42
O$18.36
00
Availability 6
8
3
6
9
5
2
.
7
Currently. Tidal prices their service at $15.00 per month. If Hindenburg wants to set a parity price,
how much should they charge per month? (Round to the nearest cent.)
8
4
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