Decision Analysis and Revenue Management (30 points) Wertz Game and Toy (WGT) Company has developed an electronic toy for preschoolers that promises


⦁(25 points) You are selling exclusive hand-made necklace on eBay. It is estimated that the demand next month, , is a function of the price as follows:

⦁(10 points) What price maximizes your revenue? What is the maximum revenue?

⦁(15 points) Suppose you only have 20 necklaces available to sell next month. What price maximizes the revenue next month? What is the maximum revenue? 

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