Answer Happy

Please DONT COPY AND PASTE YOUR ANSWERS FROM SIMILAR
QUESTION.
PLEASE PROVIDE STEP BY STEP EXPLAINATION FOR THE
STEPS.
-----------------------------------------------------------------------------------------------------------------------------
A distributor purchases digital thermostat-boxes (a box contains
100 thermostats) from its manufacturer for $60 per unit and sells
to retailers for $80 per unit. Retailers sell thermostats to final
consumers or end users for $100 per unit. The manufacturer’s
cost is $40 per unit. At the retail price, the market demand
distribution is as follows:
Demand Probability
1
0.10
2
0.25
3
0.35
4
0.20
5
0.10
Manufacturer - sell 60
Distributor – Buys 60 Sells – 80
Retailer – Buys 80 sells 100
-----------------------------------------------------------------------------------------------------------------------------
Please DONT COPY AND PASTE YOUR ANSWERS FROM SIMILAR
QUESTION.
PLEASE PROVIDE STEP BY STEP EXPLAINATION FOR THE
STEPS.