The rate of sales of an automobile anti-theft device is given in the table below. (b) What are the total sales at this point? Months The total sales at this point are Sales per month 1 (a) When is the point of diminishing returns reached? The point of diminishing returns is reached during month i 3 4 140 530 690 760 700 560 sales. 5 6 (c) Assuming logistic growth in sales, use your answer to part (b) to estimate total potential sales of the device. Total potential sales of the device should be i sales.

The rate of sales of an automobile anti-theft device is given in the table below. (b) What are the total sales at this point? Months The total sales at this point are Sales per month 1 (a) When is the point of diminishing returns reached? The point of diminishing returns is reached during month i 3 4 140 530 690 760 700 560 sales. 5 6 (c) Assuming logistic growth in sales, use your answer to part (b) to estimate total potential sales of the device. Total potential sales of the device should be i sales.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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