The following table shows the total sales, in thousands, since a new game was brought to market. Month Sales 0 0 2 2.2 4 9 8 10 12 14 5.4 9.5 19.1 27.2 32.9 35.4 (a) Plot this data and determine the point of diminishing returns. Enter the closest value in the table. The point of diminishing returns occurs i months after the game is introduced. (b) Predict total possible sales of this game, using the point of diminishing returns from the table. Total sales i

Microeconomic Theory
12th Edition
ISBN:9781337517942
Author:NICHOLSON
Publisher:NICHOLSON
Chapter2: Mathematics For Microeconomics
Section: Chapter Questions
Problem 2.16P
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please answer in text form and in proper format answer with must explanation , calculation for each part and steps clearly

The following table shows the total sales, in thousands, since a new game was brought to market.
Month
Sales
0
0
2
2.2
4
9
8
10 12 14
5.4 9.5 19.1 27.2 32.9 35.4
(a) Plot this data and determine the point of diminishing returns.
Enter the closest value in the table.
The point of diminishing returns occurs
i
months after the game is introduced.
(b) Predict total possible sales of this game, using the point of diminishing returns from the table.
Total sales
i
Transcribed Image Text:The following table shows the total sales, in thousands, since a new game was brought to market. Month Sales 0 0 2 2.2 4 9 8 10 12 14 5.4 9.5 19.1 27.2 32.9 35.4 (a) Plot this data and determine the point of diminishing returns. Enter the closest value in the table. The point of diminishing returns occurs i months after the game is introduced. (b) Predict total possible sales of this game, using the point of diminishing returns from the table. Total sales i
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