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Disposing of Used Assets - Customer is shutting down a production line, and it is your responsibility to dispose of the extrusion machine. The company could keep it in inventory and estimates the reservation value is $250,000. Your dealings on the secondhand market show: 0.4 chance a buyer will pay $300,000, a 0.25 chance a buyer will pay $350,000, a 0.1 chance a buyer will pay $400,000, and 0.25 chance it will not sell. If you must commit to a posted price, what price maximizes profits?

Microeconomics, Economics

  • Category:- Microeconomics
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