Lecture, one hour; laboratory, one hour. Requisite: course 101. Enforced corequisite: course 106P. Case-based analysis requiring students to apply material from course 106P to real-world problems involving linear programming and shadow pricing, peak load pricing, two-part pricing, strategic pricing, and auctions and bidding. Hands-on data collection and problem solving and presentation of student analyses in writing. P/NP or letter grading.