management-by-the-numbers.com Mind Tap - Cengage Learning Chapter 13-MindTap Fla
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management-by-the-numbers.com Mind Tap - Cengage Learning Chapter 13-MindTap Flashcar Management By The Numbers.. Your question was answered Operations Management q Problem Sets Total Questions Course: Illinols State Marketing 190 with Kim Judson S18 Module: Market Share Metrics I I Problem Set ID:66 24 Levon sells cartoon balloons in town. His family business thrives. Levon's balloons are priced at $8.00 each and sells 397 balloons each month. His largest competitor, Paul, sells 860 balloons each month at a price of $3.00 each. Levon estimates the total balloon market in town to be 2000 per month at an average price of $4.00 per balloon What is the total market size in revenues (per month)? o dollars Submit Answer Exit PS1 CALCULATED VARIABLES: rev $3,176Explanation / Answer
Total market size in revenue=total ballon sell in month×average price of one ballon
= 2000×4=8000 i.e. $8000
Therefore the answer is $8000.
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