Read the following: What do you recommend is the profit maximizing price? How much will profits increase if price is adjusted to the recommended level? Will this impact revenue?
Homework Answers
I had prepared a simple working to understand the question better
| Price | Subscribers | Revenue | Licence cost | admin cost | Profit |
| 5.00 | 29.974 | 149.87 | 134.883 | 14.5 | 0.487 |
| 5.50 | 29.256 | 160.908 | 131.651 | 14.5 | 14.757 |
| 6.00 | 17.822 | 106.932 | 80.199 | 14.5 | 12.233 |
| 6.50 | 22.657 | 147.2705 | 101.956 | 14.5 | 30.8145 |
| 7.00 | 19.897 | 139.279 | 89.537 | 14.5 | 35.242 |
| 7.50 | 16.671 | 125.0325 | 75.017 | 14.5 | 35.5155 |
| 8.00 | 20.492 | 163.936 | 92.213 | 14.5 | 57.223 |
| 8.50 | 20.00 | 170.00 | 89.998 | 14.5 | 65.502 |
| 9.00 | 19.76 | 177.84 | 88.92 | 14.5 | 74.42 |
| 9.50 | 17.123 | 162.6685 | 77.053 | 14.5 | 71.1155 |
| 10.00 | 12.644 | 126.44 | 56.896 | 14.5 | 55.044 |
| 10.50 | 12.785 | 134.2425 | 57.531 | 14.5 | 62.2115 |
| 11.00 | 12.216 | 134.376 | 54.974 | 14.5 | 64.902 |
| 11.50 | 13.246 | 152.329 | 59.608 | 14.5 | 78.221 |
| 12.00 | 8.637 | 103.644 | 38.867 | 14.5 | 50.277 |
| 12.50 | 10.595 | 132.4375 | 47.678 | 14.5 | 70.2595 |
| 13.00 | 5.857 | 76.141 | 26.357 | 14.5 | 35.284 |
| 13.50 | 2.615 | 35.3025 | 11.768 | 14.5 | 9.0345 |
| 14.00 | 2.739 | 38.346 | 12.326 | 14.5 | 11.52 |
| 14.50 | 5.291 | 76.7195 | 23.809 | 14.5 | 38.4105 |
| 15.00 | 3.051 | 45.765 | 13.73 | 14.5 | 17.535 |
So , the Price in the Green Line indicates the profit maximizing price i.e., 11.50
It will also have an impact on your revenue as the revenue will increse
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