The following table shows the total sales, in thousands, since a new game was brought to market.Month02498101214Sales02.25.49.519.1 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 imonths 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

I'm sure I can assist you in this. This data graph illustrates the overall sales of the game since…

Answered: The following table shows the total…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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The following table shows the total sales, in thousands, since a new game was brought to market. Month Sales 0 2 4 6 Total sales 0 2.2 5.4 9.5 19.1 Enter the closest value in the table. 8 The point of diminishing returns occurs (a) Plot this data and determine the point of diminishing returns. MI 10 12 14 i 27.2 32.9 35.4 months after the game is introduced. (b) Predict total possible sales of this game, using the point of diminishing returns from the table.
calculate the missing values and show the calculation
M18
Compute the percentage changes for the following (enter your responses as integers): Initial Value 100 50 10 New Value Percentage Change 112 54.0 12.5
1. Prepare the scatter diagram and insert the trendline or line of best-fit. Use a scaleof 2 cm to represent 1,000 units on the x-axis & 2 cm to represent $50,000 on the y-axis. 2. Using the line of best-fit, determine the company’s fixed cost per month and thevariable cost per unit. (Use 0 & 5,000 units.)
Profit Analysis Unendo, is a large computer game manufacturer. CALL DUTY WWII They have estimated that the demand function for their game "Call of Duty: WWIII" is as follows ... p = 82 - 0.05q; where p is the price of a game and q is the number of game produced and sold per week. They estimate that their cost function in dollars is ... C(q) = 22g + 5000; where the fixed cost is $5000 and the marginal cost is $22 per game Unendo wishes to maximize the weekly profit of producing and selling the game. Find the price, p, per game that generates maximum profit. (Round vour answer to 2. decimal places if necessarv). 8.
A competitive industry has production processes that generate pollution. ok with studies carried out on the affected population, the marginal costs associated with contamination are constant and CU500. for each unit of the good produced. these costs are associated with lost workdays, illness treatment costs, and the nuisance generated in the population. Currently the production level of the industry is 250 units and the market price is 1,500 (MU/unit). Market studies carried out by companies estimate that if the price rises At 1,800 (mu/unit) the quantity demanded would fall to 200 units and the marginal cost of the production of each company in this new production level is 1,300 (m.u./unit). Assume linearity in market demand and in the marginal costs of production of the companies Graph to justify your answers. A)Determine the optimal production level from the perspective of the whole of the society. Show your result graphically.
The following graph shows the daily demand curve for bikes in Houston. Use the green rectangle (triangle symbols) to compute total revenue at various prices along the demand curve. Note: You will not be graded on any changes made to this graph. 240 220 200 Total Revenue 180 160 140 120 100 80 60 40 20 0 PRICE (Dollars per bike) 0 9 18 27 > 36 45 54 63 72 QUANTITY (Bikes) 00 8 Demand 90 81 99 106
rb
Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
11- It is estimated that consumers will buy Q (p) 4,374 kg of imported beans per week when p2 the price is p$ per kg. It is estimated that t weeks from now, the price of this type of beans will be p(t) = 0.04t2 + 0.2t + 12 dollars per kg. a. Estimate the weekly consumer demand for the beans as a function of t. b. How many kg of beans will consumers buy 10 weeks from now?
Plastic cups are made by forming of raw plastic. The price of plastic is 4.500 OMR per kg and the price of plastic cups is 13 OMR per 1000 cups. Plant requires differ- ent machine which cost about 50,000 OMR, but the machines has to be imported, after paying 25% as customs duty. On a graph paper, draw a freehand graph and represent all important parameters. Due to increase in plastic price, the break-even quantity has increased by 10%. Find out the new plastic price?

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