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1.     Suppose it costs $250 to produce a video game console. A price between $200 and $400 is under

consideration. Estimated demand for the game console is shown in the following table. What price should you charge for game console?


Price Demand

$200 50,000

$300 25,000

$400 12,000

     Use the demand information given in the question 3. Each game owner buys an average of 10 video games. You earn $10 profit per video game. What price should you charge for the game console?  using excel

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