1. Please make your selection... 1.Choice One 2.Choice Two 3.Choice Three

2. Willingness to pay for an IPOD

3. Which price maximizes revenue? 1. $450 2. $350 3. $300 4. $250 5. $200 6.$150

4. Total Revenue Maximization

5. Price and Revenue

6. Demand Curve for Ipods

7. Elasticity along demand curve

9. Total Revenue and quantity

10. If Marginal cost is $50, which price maximizes profits? 1.$350 2.$300 3.$250 4.$200 5.$150

11. Profit with $50 Marginal Cost per unit

12. Profit with $100 Marginal Cost per unit

13. If wholesale price is 80% of retail price and marginal cost is $50, what price maximizes Apple’s profits? 1.$350 2.$300 3.$250 4.$200 5.$150

14. Profit with $50 Marginal Cost: Wholesale price 80% of retail