Question.1918 - 4/2/24, 1:31 PM5.4 Homework Assignmenthttps://floridatech.instructure.com/courses/8916/assignments/1871591/25.4 Homework AssignmentDue Sunday by 11:59pmPoints 25Submitting a file uploadStart AssignmentInstructionsComplete the individual problems and submit your solutions using Turnitin. It is notnecessary to restate the exercise/prompt, but to provide a thorough write-up of yourresponse/solution. Submit answers only in a Word document or PDF. Use APA format forall external references.Chapter 12: More Realistic and Complex Pricing12-1 Parking Lot OptimizationSuppose your elasticity of demand for your parking lot spaces is –2 and the price is $8 perday. If your MC is zero and your lot is 80 percent full at 9 a.m. over the last month, are youoptimizing?12-4 Macintosh Versus iPhoneWhen the Macintosh computer was introduced in 1982, Apple made it difficult for thirdparty software developers to develop software for the platform. In contrast, Apple makes itrelatively easy for third-party developers to make applications that run on the iPhone.Compare and contrast these two strategies.Chapter 14: Indirect Price Discrimination14-5 Music PricingThe pricing model for iTunes has been to price songs individually. Instead, Spotify optedto offer unlimited song playing for a monthly fee. Would Spotify’s pricing model likely yieldmore profit than pricing songs individually?Parameters: Submit a Word document or PDF and use APA format. No handwrittensubmissions.Due: Sunday by 11:59 p.m. ET4/2/24, 1:31 PM5.4 Homework Assignmenthttps://floridatech.instructure.com/courses/8916/assignments/1871592/2Submission method: TurnitinPoints: 25PlagiarismYou are expected to write primarily in your own voice, using paraphrase, summary, andsynthesis techniques when integrating information from class and outside sources. Use anauthor’s exact words only when the language is especially vivid, unique, or needed fortechnical accuracy. Failure to do so may result in charges of Academic Dishonesty.Overusing an author’s exact words, such as including block quotations to meet wordcounts, may lead your readers to conclude that you lack appropriate comprehension ofthe subject matter or that you are neither an original thinker nor a skillful writer.
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Chapter xxxxxxx To xxxxxx the xxxxxxxxxxxx of xxx parking xxxxx pricing xxxxxxxx given xx elasticity xx demand xx - x price xx per xxx and x marginal xxxx MC xx zero xx is xxxxx to xxxxxxx the xxxxxxx of xxxxx elasticity xx demand xxx PED xxxxxxxx the xxxxxxxxxxxxxx of xxxxxxxx demanded xx a xxxxxx in xxxxx In xxxx context x PED xx - xxxxxxx that xxx every xxxxxxxx in xxxxx the xxxxxxxx demanded xxxxxxxxx by xxxxx that xxx parking xxx is xxxxxxx full xx a x over xxx last xxxxx this xxxxxxxxx rate xxxxxxxx that xxxxx is x significant xxxxxx for xxxxxxx spaces xxxx a xxx of x the xxxxxx is xxxxxxx indicating xxxx consumers xxx highly xxxxxxxxx to xxxxx changes xxx objective xx optimizing xxxxxxx for xxx parking xxx is xx find xxx price xxxxx where xxxxx revenue xx maximized xxxxx revenue xx Price x x xxxxxxxx sold x With x MC xx zero xxxxxxxxxx revenue xxxx maximizes xxxxxx since xxxxx are xx additional xxxxx associated xxxx selling xxxx parking xxxxxx To xxxxxxxxx if xxx current xxxxxxx strategy xx optimal xx analyze xxx relationship xxxxxxx elasticity xxxxx and xxxxxxx For x product xxxx elastic xxxxxx absolute xxxxx of xxxxxxxxxx greater xxxx decreasing xxx price xxxxxx lead xx an xxxxxxxx in xxxxx revenue xxxxx increasing xxx price xxxxxx decrease xxxxx revenue xxxxx that xxx lot xx not xxxxx occupied xxxx full xxx considering xxx elastic xxxxxx of xxx demand xxxxxxxx the xxxxx from xxxxx lead xx an xxxxxxxx in xxx quantity xxxxxxxx potentially xxxxxxx the xxx closer xx capacity xxx increasing xxxxx revenue xxxx strategy xxxxxxxx the xxxxxxx demand xxxxx a xxxxx decrease xx price xxxxx to x proportionally xxxxxx increase xx the xxxxxxxx demanded xxxxxxxx the xxxxx could xxxxxxxx occupancy xxx consequently xxxxx revenue xxxxx the xxxxxxx nature xx the xxxxxx and x marginal xxxx of xxxx Schindler xxxx approach xxxxxx with xxx objective xx revenue xxxxxxxxxxxx under xxx conditions xx elastic xxxxxx and xxxx marginal xxxx Problem xxxxxxx strategy xxxxxxxxx third-party xxxxxxxx development xxx the xxxxxxxxx in xxx the xxxxxx presents x study xx contrast xxxxxxxxxx an xxxxxxxxx in xxx company's xxxxxxxx to xxx ecosystem xxxxxxxxx Apple xxxxxxxxxx tight xxxxxxx over xxx Macintosh xxxxxxxx limiting xxxxxxxxxxx software xxxxxxxxxxx This xxxxxxxx aimed xx ensure xxxxxxx and xxxxxxxx the xxxxxxxxx of xxx user xxxxxxxxxx but xx the xxxx of xxxxxxxx software xxxxxxxxx and xxxxxxxxxx In xxxxxxxx for xxx iPhone xxxxx adopted x more xxxx strategy xxxxxxxxxxxx the xxx Store xx a xxxxxxxx where xxxxxxxxxxx developers xxxxx easily xxxxxx and xxxxxxxxxx applications xxxx shift xxxxxxx inclusivity xxxxxxxx a xxxx ecosystem xx apps xxxxxxx innovation xxx significantly xxxxxxxxx the xxxxxxxx value xxxxxxxxxxx to xxxxxxxxx It xxxxxxxxx the xxxxxxxxxx creativity xx developers xxxxxxxxx leading xx an xxxxxxxxx in xxx variety xxx functionality xx available xxxx Schindler xxxxx contrasting xxxxxxxxxx highlight xxxxxxx shift xxxx prioritizing xxxxxxx to xxxxxxxxx ecosystem xxxxxxxxx recognizing xxx importance xx a xxxxxxx third-party xxxxxxxxx community xx driving xxxxxxxx success xxxxxxx Problem xxxxxxxxx subscription-based xxxxxxx model xxxxxxxx unlimited xxxx streaming xxx a xxxxxxx fee xxxxxxxxx with xxxxxxx approach xx pricing xxxxx individually xxxxxxxxx model xxxxxxxxxxx on xxx consumer's xxxxxx for xxxxxx rather xxxx ownership xxxxxxxx to xxx trend xx continuous xxxxxxx consumption xx music xxxx approach xxxxxxxxxxx yields xxxx profit xx the xxxxxxx age xxx several xxxxxxx Schindler xxxxxxx it xxxxxxxxxx more xxxxx to xxxx due xx the xxxxxxxxx value xx unlimited xxxxxx expanding xxx customer xxxx Secondly xx ensures x steady xxxxxxx stream xxxxxxx monthly xxxxxxxxxxxxx providing xxxxxxxxx predictability xxx stability xxxxxxx it xxxxxxx the xxxxxxxx costs xxxxxxxxxx with xxxxxxxxxx transactions xxx distribution xx streaming xxxx not xxxxx costs xxx item xxxx like xxxxxxx downloads xx While xxxxxxx model xxxxx attract xxxxxxxxx making xxxxxxxxxx purchases xxxxxxxxx subscription xxxxx appeals xx avid xxxxx listeners xxxxxx resulting xx higher xxxxxxx revenue xxx to xxx ability xx monetize xxxx engagement xxxx time xxx success xx Spotify's xxxxx is xxxxxxxxxx upon xxx ability xx maintain x large xxxxxxx library xx music xxx continuously xxxxxxx and xxxxxx subscribers xxxx nbsp xxxxxxxxxxxxxxxxxx RM xxxxxxx strategies x marketing xxxxxxxx nbsp xxxx Publications xxxxMore Articles From Business Management
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