Solved: The sales (in thousands of units) of a new product
Chapter 6, Problem 32(choose chapter or problem)
The sales S (in thousands of units) of a new product after it has been on the market for t years is given by
\(S=25\left(1-e^{k t}\right)\)
(a) Find S as a function of t when 4000 units have been sold after 1 year.
(b) How many units will saturate this market?
(c) How many units will have been sold after 5 years?
Text Transcription:
S=25(1-e^k t)
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