Using Excel, Tough Scrubbers Estimates the Quarterly Demand for Their

question 56

Multiple Choice

Using Excel, Tough Scrubbers estimates the quarterly demand for their kitchen sponges to be Q^d = 5,600 - (25 × P) . If the actual demand for their kitchen sponges is 5,563 when a price of $3 per sponge is charge, what is the estimated residual?

• A)38
• B)0
• C)12
• D)25

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