The Cumulative Sales (In Thousands of Units) of a New $S = 30 ( 1 -$

question 105

Multiple Choice

The cumulative sales (in thousands of units) of a new product after it has been on the market for t years may be modeled by $S = 30 ( 1 -$ ) . During the first year, 5000 units were sold. What is the saturation point for this product? How many units will be sold after 6 years?

• A)The saturation point for the market is 3000 units and 19,953 units will be sold after 6 years.
• B)The saturation point for the market is 30,000 units and 27,366 units will be sold after 6 years.
• C)The saturation point for the market is 30,000 units and 19,953 units will be sold after 6 years.
• D)The saturation point for the market is 30,000 units and 20,076 units will be sold after 6 years.
• E)The saturation point for the market is 3000 units and 27,366 units will be sold after 6 years.

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Definitions:

International Trade

The exchange of goods, services, and capital across international borders or territories.

Monetary System

The set of mechanisms and institutions that provide a country with its currency and manage its supply and value.

Trade Deficit

The economic condition that occurs when a country imports more goods and services than it exports.