Using the Online Self Study Certifications table, answer the following question: At what individual price would revenue be maximized for the Certification in Online Counseling? Explain/support your answer based on the calculations in question 3.

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29-08-2022
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Using the Online Self Study Certifications table, answer the following question: At what individual price would revenue be maximized for the Certification in Online Counseling? Explain/support your answer based on the calculations in question 3.

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anthougo anthougo · Answer 1 · 2022-09-01T09:03:43+02:00

The individual price where the revenue would be maximized for the Certification in Online Counseling is $190 with total revenue of $190,000.

What is total revenue?

The total revenue is a function of the units sold and the unit price.

To calculate the total revenue for each segment, the sales units per segment are multiplied by the segment's price.

TR = P * Q or Total Revenue = Price * Quantity.

Data and Calculations:

Online Self Study Certifications for Social Work License

Certification Certification Bundle

Customers in Online Counseling as a Group

Home Counselor

TR Counseling TR Group Home TR Bundle Segment 1 1000 $190 $190,000 $70 $70,000 $260 $260,000

Segment 2 1000 $150 150,000 $90 90,000 $240 240,000

Segment 3 1000 $95 95,000 $160 160,000 $255 255,000

Segment 4 1000 $35 35,000 $195 195,000 $230 230,000

Learn more about calculating total revenue at https://brainly.com/question/25623677

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Question Completion:

Online Self Study Certifications for Social Work License

Certification Certification Bundle

Customers in Online Counseling as a Group

Home Counselor

TR Counseling TR Group Home TR Bundle Segment 1 1000 $190 $70 $260

Segment 2 1000 $150 $90 $240

Segment 3 1000 $95 $160 $255

Segment 4 1000 $35 $195 $230

Required:

At what individual price would the revenue be maximized for the Certification in Online Counseling?