Discussion Post: Managerial Economics
You are the new owner of Vanda-Laye Corporation. You are interested in your company's cost and revenue relationships as well as its future pricing strategies.
Tasks:
o Analyze how the Utility Theory can help you determine pricing as you make changes to the companies pricing strategies.
o Evaluate what information is needed to assess the company's cost and revenue relationship. What does this information tell you about the company?
o Explain the impact supply and demand has on the company's pricing strateg
The response must include a reference list. One-inch margins, double-space, Using Times New Roman 12 pnt font and APA style of writing and citations.