Optimum Price app for iPhone and iPad
Developer: PCAppDev Limited
First release : 25 Jun 2010
App size: 142.72 Kb
*** Featured in Top 20 New and Noteworthy Business Apps in July 2010 ***
Optimum Price is a business tool that helps determine the optimal price and quantity for a given product based on price sensitivity, to maximise contribution.
The Optimum price calculator is an economists approach to optimal pricing based on price elasticity of demand. This uses the formula MR = MC to establish the optimal point for both Price and Demand to maximise Contribution.
Disclaimer:
Please note that this app only gives an economists viewpoint and all aspects should be considered before changing any price.
This app should not be used to solely base your pricing decisions and should be used for information purposes only. Please search Economists Viewpoint to Optimal Pricing for more information on the theory.