Business, 04.03.2020 22:32 nyceastcoast
You expect one-third of your customers to be high value, willing to pay $9 for your product, and the other two-thirds to be low value customers willing to pay only $3. you cannot tell them apart. if the product costs $3, and you charge $9, what is your expected profit?
a. $1
b. $2
c. $3
d. $4
Answers: 1
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You expect one-third of your customers to be high value, willing to pay $9 for your product, and the...