You work for an IT company which recently developed a software package for a hospital, and multiple copies of the software will be installed on different computers of this hospital. The fixed cost of developing this software is $9,000. The marketing team finds that within this hospital, demand for the software is Qª = 300 - 0.2Pand that it would cost your company $800 per unit to install and maintain the software at each computer the software is installed on. The CEO has asked you to construct a two-part pricing strategy for this software. (A) Under a two-part pricing strategy, what is the per-unit fee? [ Select ] ["$600", "$9000", "$1000", "$800", "$10000"] (B) Under a two-part pricing strategy, what is the fixed fee you charge the hospital? (Hint: As a "license fee" to use the software) [ Select ] ["$35000", "$45000", "$28000", "$42000", "$49000"]
You work for an IT company which recently developed a software package for a hospital, and multiple copies of the software will be installed on different computers of this hospital. The fixed cost of developing this software is $9,000. The marketing team finds that within this hospital, demand for the software is Qª = 300 - 0.2Pand that it would cost your company $800 per unit to install and maintain the software at each computer the software is installed on. The CEO has asked you to construct a two-part pricing strategy for this software. (A) Under a two-part pricing strategy, what is the per-unit fee? [ Select ] ["$600", "$9000", "$1000", "$800", "$10000"] (B) Under a two-part pricing strategy, what is the fixed fee you charge the hospital? (Hint: As a "license fee" to use the software) [ Select ] ["$35000", "$45000", "$28000", "$42000", "$49000"]
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
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Question
![You work for an IT company which recently developed a software package for a hospital, and
multiple copies of the software will be installed on different computers of this hospital. The fixed
cost of developing this software is $9,000. The marketing team finds that within this hospital,
demand for the software is Qd = 300 - 0.2Pand that it would cost your company $800 per unit
to install and maintain the software at each computer the software is installed on.
The CEO has asked you to construct a two-part pricing strategy for this software.
(A) Under a two-part pricing strategy, what is the per-unit fee?
[ Select ]
["$600", "$9000", "$1000", "$800", "$10000"]
(B) Under a two-part pricing strategy, what is the fixed fee you charge the hospital? (Hint: As a
"license fee" to use the software)
[ Select ]
["$35000", "$45000", "$28000", "$42000", "$49000"]](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F924ac2ef-29be-4c40-b59b-4086f1e3b736%2F717f367a-e75d-4fd3-8a59-32ce99693011%2F6eowj8e_processed.jpeg&w=3840&q=75)
Transcribed Image Text:You work for an IT company which recently developed a software package for a hospital, and
multiple copies of the software will be installed on different computers of this hospital. The fixed
cost of developing this software is $9,000. The marketing team finds that within this hospital,
demand for the software is Qd = 300 - 0.2Pand that it would cost your company $800 per unit
to install and maintain the software at each computer the software is installed on.
The CEO has asked you to construct a two-part pricing strategy for this software.
(A) Under a two-part pricing strategy, what is the per-unit fee?
[ Select ]
["$600", "$9000", "$1000", "$800", "$10000"]
(B) Under a two-part pricing strategy, what is the fixed fee you charge the hospital? (Hint: As a
"license fee" to use the software)
[ Select ]
["$35000", "$45000", "$28000", "$42000", "$49000"]
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