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Wiibates

How much should Nintendo charge for a video game console?

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Wiibates

How much should Nintendo charge for a video game console?

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How much should Nintendo charge for a video game console? In response to a sales slump, in 2013 Nintendo dropped the price of the Wii U video game console. The following month, they sold three times as many units, which suggests their plan worked. However, Nintendo may have gotten the price wrong. < p class="plan"> In this lesson, students use linear and quadratic models to analyze and discuss the relationship between the price of a Wii U console and profits for Nintendo.

REAL WORLD TAKEAWAYS

  • More revenue for a product doesn’t always mean more profit – there are costs to consider.
  • A company might increase its revenue – and even its profit – on a product by lowering the price.
  • Companies might decide to set a price for a particular item at something that doesn’t lead to its biggest profit in order to increase revenue elsewhere.

MATH OBJECTIVES

  • Use real data to create and interpret a linear model for demand as a function of price
  • Use real data to create and interpret a quadratic model for total profit as a function of price
  • Find and interpret the maximum of a parabola

Great anytime, including at the beginning of a unit before students have any formal introduction to the topic.
Algebra 1
Parabolas & Quadratics
Algebra 1
Parabolas & Quadratics
Content Standards
Mathematical Practices

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