Determine the revenue per year and revenue over the lifetime of the customer Number of smart devices over first half of life Number of smart devices over second half of life Average $ transaction per device $ monthly subscription paid - monthly total Average annual revenue -first half of life Average annual revenue -second half of life Average life of subscribed customer Revenue over lifetime Minimally Satisfied 2 1 $79 $9.99 2 years Moderately Highly Satisfied Satisfied 4 2 $85 $19.99 5 years 6 3 $79 $19.99 7 years
Determine the revenue per year and revenue over the lifetime of the customer Number of smart devices over first half of life Number of smart devices over second half of life Average $ transaction per device $ monthly subscription paid - monthly total Average annual revenue -first half of life Average annual revenue -second half of life Average life of subscribed customer Revenue over lifetime Minimally Satisfied 2 1 $79 $9.99 2 years Moderately Highly Satisfied Satisfied 4 2 $85 $19.99 5 years 6 3 $79 $19.99 7 years
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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