The following table shows the total sales, in thousands, since a new game was brought to market. Month 0 2 4 9 8 10 12 14 Sales 0 2.2 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
The following table shows the total sales, in thousands, since a new game was brought to market. Month 0 2 4 9 8 10 12 14 Sales 0 2.2 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
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
![The following table shows the total sales, in thousands, since a new game was brought to market.
Month
0
2
4
9
8
10
12
14
Sales
0
2.2
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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F667364ee-1992-4762-ba4a-441827b3fc2a%2F967e2e56-5438-46bd-9323-5aa7e30601df%2Fqfm3ion_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The following table shows the total sales, in thousands, since a new game was brought to market.
Month
0
2
4
9
8
10
12
14
Sales
0
2.2
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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