The Sales of a New Model of Notebook Computer Are $$S ( x ) = 5000 - 12,000 e ^ { - x / 8 }$$

question 49

Multiple Choice

The sales of a new model of notebook computer are approximated by $$S ( x ) = 5000 - 12,000 e ^ { - x / 8 }$$ , where x represents the number of months the computer has been on the market and S represents sales in thousands of
Dollars. In how many months will the sales reach $1,500,000?

• A) 20 months
• B) 13 months
• C) 17 months
• D) 10 months

---

Definitions:

Representative Firm

A representative firm is a hypothetical entity in economic models used to represent the typical characteristics of firms within a particular industry or market.

Breaking Even

Breaking even refers to a financial situation where total costs and total revenues are equal, resulting in no net loss or gain for the business.

Resource Prices

The costs associated with acquiring the inputs needed for production, such as raw materials, labor, and capital.

Industry Output

The total amount of goods or services produced by a particular industry over a specific time period.