Suppose that a perishable item costs $10 and sells for $16. Any item that is not sold by the end of the day can all be sold at $8. (a) Find MP = and ML = . The table below reveals the discrete demand for this item. (b) Complete the last column of the table. Demand P(Demand = this level) P(Demand  this level) 110 0.20 120 0.15 130 0.15 140 0.15 150 0.15 160 0.10 170 0.05 180 0.05 (c) Use the marginal analysis to determine how many units should be stocked. Analysis: ________________________________________________________________________ Conclusion: _______

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